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Jim Blehm

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

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3737 Scovel Pl , Detroit, MI 48208
$900,000
Est. Payment: $2,000.00/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 697
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House Description

Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new furnaces and AC units. Each studio units have new mini-split systems that have heat and AC. The majority of the plumbing stacks have been replaced. The front door has new hinges and locking mechanism, the back door is an all new steel door. The roof was aluminum seal coated in 2016. The hot water tank was replaced for the entire building in 2016. The entire Building has newer windows. All common areas have new LED light fixtures. A new camera system has been installed throughout the entire building and outside.

Highlights

Listed by Ryan Heward , 248-251-4670 and Dustin Shaeffer , 586-854-5846 Golden Key Real Estate LLC , 313-638-2474.

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1927

County

Wayne

Area

Wayne County - 100

School District

Detroit

Listing ID

24029554

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Full

Exterior Features

Garage Capacity:12
Roof:Rubber
Principal Interest
$2,000
Taxes
$1,070

Home Price

$900,000

Loan Details

30 yrs
%

Down Payment

20%
$180,000
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Monthly Price:
$2,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,000.00 $1,070.33 $0.00 $3,070.33
Yearly $24,000.00 $12,844.00 $0.00 $36,844.00
Total $720,000.00 $385,320.00 $0.00 $1,105,320.00

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.