Price Reduction
Address
3675 Oakman Boulevard Detroit, MI
Price
$ 700,000
Property Attributes
  • ID#2210083711
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDet 6-Tire - Grnfld - Livernois
  • NeighborhoodROBERT OAKMANS CORTLAND & FORD HIGHWAY
  • Zip48204
  • StyleCommon Entry Building
  • Year Built1929
  • Taxes$ 1123
  • Price$ 700,000
  • Bedrooms9
  • Full Bathrooms16
  • Half Bathrooms16
  • Sqr Footage7647
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
VIE Realty Group, LLC
Data Source:
RealComp - 83 - MI
Property Description

8 CAP. each unit has its own furnace and water tank (in unit) Financing available Property has mass transit right outside the door across the street and is nestled in a community of multifamily properties.  9-1BR units- Estimated Approximately 516 sq ft  7-Studios Estimated Approximately-288 sq ft link to proforma- HEAT AND ELECTRIC ARE SEPARATELY METERED FOR EACH UNIT- (furnace and water tank in each unit) Many tenants have been in property for multiple years some 4-5yrs, and would be happy to sign yearly leases (or longer)

Price History
10/5/2021 Listed $720,000
11/9/2021 31% - $499,000

General Features

Basement Type Common
Construction Materials Block/Concrete/Masonry
Cumulative Days on Market 55
Gross Scheduled Income 75588.00
Heating Forced Air, Separate Meters
Listing Agent Public Id 302753
Net Operating Income 54750.00
Ownership Status Private Owned, Short Sale - No
Parcel Number W16I025186S
Property Type Multifamily
School District Detroit
Sewer Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name ROBERT OAKMANS CORTLAND & FORD HIGHWAY (PLATS)
Terms Offered Cash, Conventional, FHA, VA
Total Sq Ft 7647
Transaction Type Sale
Year Built 1929
Zoning Multi-Family

Interior Features

Basement Y/N Yes
Full Baths 16
Half Baths 16
Heating Fuel Natural Gas
Total Baths 16.16
Total Units 16
Unit Count 2

Exterior Features

Architecture Level 3 Story
Architecture Style Common Entry Building
Foundation Basement
Foundation Materials Block
Lot Size Area 0.09
Lot Size Dimensions 34.28X120.00
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Remerica United Realty and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of November 28, 2021 6:35 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48204

Price
AVG $150K
$700K
Taxes
AVG $1,501
$1,123
Visits
AVG 5
50
Year Built
AVG 1922
1929
Walkscore
AVG 41
31
Data Provided by Walkscore ® not using MLS data