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$1,050,000

Est. payment - /mo

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18 Beds

18 Baths

11,439 SqFt

New

4470 E OUTER Drive Detroit, MI 48234

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Tony Tran

Motus Real Estate

[email protected] +1(586) 524-9340

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 11,439 sqft

Price per Sqft $91

Subdivision Paterson Bros & Co Outer Drive-Van Dyke (Plats)

MLS Listing ID 20250023974

Style Other

Bedrooms 18

Full Baths 18

Originating Board Realcomp II Ltd

Year Built 1956

Annual Tax Amount $28,646

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 104.00 x 125.00

Property Sub-Type Other

Property Description

Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.

Location

State MI

County Wayne

Area Det 6-8 Dequindre To Conner

Zoning Multi-Family

Direction Outer Dr E and Stotter St

Rooms

Basement Unfinished, Common

Interior

Heating Forced Air, Separate Meters

Fireplace no

Heat Source Natural Gas

Exterior

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Other

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W15I005039C40

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Joseph Hammel of Keller Williams Somerset

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Tony Tran

Founder/Realtor | License ID: 6501386027

+1(586) 524-9340

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4470 E OUTER Drive Detroit, MI 48234

Tony Tran

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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4470 E OUTER Drive