8440 Burnette Street
Detroit, MI 48204

Description

*Investors Dream Purchase* Over a 20% cap rate return Solid 8 unit income producing building Tenants pay all utilities except water. 8 separate hot water tanks and 8 seperate furnaces All new electrical panels with new breakers and updated plumbing throughout entire building New vinyl double pane windows LED motion activated lights throughout exterior of property Building income $4,800 a month All tenants currently have leases and are all up to date. Very low taxes of $2,255 yr BATVAI

Details

MLS#219022301
Sub-TypeResale
StatusActive
Year1927
Days On Site34

Features

SQ Feet4,878
Units8
Building(s)1

Market Activity 48204

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48204
AreaDet 6-Tire - Grnfld - Livernois
Listing VS Median (in 48204)
Price:
$220,000
low | high
Med:
$42,450
100% of Average
SqFt:
4,878
low | high
Med:
1,072
100% of Average
$ / SqFt:
$45
low | high
Med:
$44
53.304419145601% of Average
On Site:
34
low | high
Med:
245.500000
13.849287169043% of Average
Listing Updated: 04/20/2019
MLS Number: 219022301
Listing Provided By:
Daryl B Harris  of  Black Diamond Realty
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