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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: $2,569.60/mo
0 Bed
10 Bath
0 Sqft
Status: active | Days on site: 88
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

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.

Highlights

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

Property Type

Multi-Family

Lot/Acreage
0.28

Year Built

1955

County

Wayne

School District

Detroit

Listing ID

20261014273

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Interior Features

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

Exterior Features

Principal Interest
$2,570
Taxes
$698

Home Price

$499,000

Loan Details

30 yrs
6.676%

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:
$2,569.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,569.60 $698.17 $0.00 $3,267.76
Yearly $30,835.17 $8,378.00 $0.00 $39,213.17
Total $925,055.19 $251,340.00 $0.00 $1,176,395.19
Lender profile image
Brian Belinger
Loan Originator
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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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC