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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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12927 Plymouth Rd , Detroit, MI 48227
$499,000
Est. Payment: $1,108.89/mo
0 Bed
10 Bath
0 Sqft
Status: Active | Days on site: 134
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432125 - 420759
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer’s agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA and POF/Pre-Approval Letter are required to receive the full Rent Roll.
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Highlights

Listed by Behzad Bokani , 248-284-3046 RE/MAX Dream Properties , 248-374-7700.

Property Type

Multi-Family
Lot/Acreage
0.28

Year Built

1955

County

Wayne

 School District

Detroit

Listing ID

20261014273

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:10
  • ▪ Full Bathrooms:
Air Cond:Wall Unit(s)
Fireplaces:
Basement:Slab
Water:Public

Exterior Features
Principal Interest
$1,109
Taxes
$698

Home Price

$499,000

Loan Details

30 yrs
%

Down Payment

20%
$99,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,108.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,108.89 $698.17 $0.00 $1,807.06
Yearly $13,306.67 $8,378.00 $0.00 $21,684.67
Total $399,200.00 $251,340.00 $0.00 $650,540.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.