14800 E Vernor Detroit, MI $ 595,000
14800 E Vernor
$ 595,000
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14800 E Vernor

Detroit, MI, 48215
$ 595,000
Baths9.0 Sq 5,600

Monthly Estimate*

$ 3,955

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Studio

Multi-Family Home for sale in Detroit, MI

for $595,000 with 9 full baths. This 5,600 square foot home was built in 1925 on a lot size of 0.07.

Incredibly well located Pre War Brick Multifamily adjacent to Grosse Pointe Park. Aside from being in the direct path of rapid development, this building has the benefits of being WALKABLE to downtown Grosse Pointe Park areas for shopping, dining and services but without the hefty taxes. It is also close to bus stops and bike lanes for access to new retail development on Jefferson and Mack. 6 fully updated units with appliances. Five occupied with section 8 and private one year leases. 2022-2023 updates include 68 replacement windows , 75 Gallon hot water heater, exterior improvements, glass block basement windows, 2 sets of card operated laundry machines, actively serviced & maintained sewer and water lines, individual meters and professionally managed. Take advantage of this land contract opportunity to add large potential to your growing portfolio. The hard work is done, own 9 doors under one roof with the chance to place your own new tenants, and pick up the recent capital improvements with your own basic maintenance program. Smart investors don't wait to buy multifamily buildings, they buy multifamily and wait. Adjacent parcel(s) DLBA BATVAI

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Multi-Family Active

Price

$ 595,000

Bedrooms

Studio

Full Bath

9

Property Type

Multi-Family

Taxes

$ 10,824

Style

Lot Size

0.07

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60305320

Features
General
Interior Features DSL Available
Heating Hot Water Radiant Steam
Possession At Close
Water Public Water at Street
Status Active Accepting Backup Offers
Full Baths 9
Half Baths 0
Bathrooms 9
Year Built 1925
Subdivision C B SHERRARD SUB (PLATS) MI
Water Heater Gas
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 83000
Percent Ownership Private
Municipality Detroit
Zoning Multi-Family
Area Detroit (82001)
Primary City Detroit
Directions East Vernor west of Alter and north of Kercheval
City Detroit
School District Detroit City School District
Street Name VERNOR
Financial Terms Cash Conventional FHA VA
Legal Description E ASHLAND 397 C B SHERRARD SUB L32 P58 PLATS W C R 21/407 31.65 X 100
DOM 32
Postal Code 48215
Price Per Sq Ft Total 106.25
Coming Soon Incredibly well located Pre War Brick Multifamily adjacent to Grosse Pointe Park. Aside from being in the direct path of rapid development
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Interior
Basement Block Egress/Daylight Windows Partially Finished
Fireplace? No
Total Number of Units 9
Fuel Type Natural Gas
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Exterior
Exterior Brick Stone
Frontage 32
Lot Size Area 0.07
Lot Dimensions 32.00 x 100.00
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Heather Dell

Listing Agent

Re/Max Leading Edge

Broker

HEATHERMDELL@GMAIL.COM

Email

Affordability Calculator

$4,857
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,955
Monthly Property Taxes
$902
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2024$595,000 Listed Price

Map


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14800 E Vernor, Detroit, MI, 48215 is a Multi-Family Home for sale at $595,000 with 5,600 sqft and a lot size of 0.07. 14800 E Vernor is a studio with 9.0 baths and was built in 1925. The property's zip code is 48215 which is in Detroit, MI