35422 Smith Road
Romulus, MI 48174

Description

ATTENTION INVESTOR! The owner of this 7 unit apartment complex in Romulus is retiring after 20 years of ownership! It as a mix of 2 Three Bedroom units, 4 Two Bedroom units and a One Bedroom unit. All units are metered separately for gas and electric and the landlord pays for the water & sewer. This location is excellent, being under 2 miles from the new Amazon Fulfillment Center and under 5 miles from Detroit Metropolitan Airport. The projected Cap Rate is 17.12%. Don't miss out on this opportunity. Property is being sold is "AS IS" condition. Needs some TLC. DO NOT APPROACH THE TENANTS! All information is estimated and should be verified.

Details

MLS#219003214
Sub-TypeResale
StatusActive
Year1967
Days On Site41

Features

SQ Feet6,438
Units7
Building(s)1

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Area Information

StateMI
CountyWayne
CityRomulus
Zip Code48174
AreaRomulus
Listing VS Median (in 48174)
Price:
$225,000
low | high
Med:
$109,450
100% of Average
SqFt:
6,438
low | high
Med:
1,289
100% of Average
$ / SqFt:
$35
low | high
Med:
$91
100% of Average
On Site:
41
low | high
Med:
14.500000
100% of Average
Listing Updated: 02/20/2019
MLS Number: 219003214
Listing Provided By:
David D Misko  of  Van Esley Real Estate Inc
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.