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250 W MARGARET ST, Detroit, Michigan

$842,000Active

250 W MARGARET ST, Detroit, Michigan 48203
Provided through IDX through Realcomp II Ltd. Courtesy of RE/MAX Dream Properties Copyright 2018 Realcomp II Ltd. Shareholders - MLS® ID: 218007277

Property Details

250 W MARGARET ST, Detroit, Michigan 48203 - THIS IS A PART OF PORTFOLIO OF PROPERTIES. A 14 UNIT APARTMENT BUILDING, 5 TWO FAMILY FLATS AND 2 SINGLE FAMILY HOUSES. ALL OF THE PROPERTY IS RENTED. COMBINED ANNUALIZED GROSS SCHEDULED RENTAL INCOME IS $222,540, ANNUAL COMBINED EXPENSES ARE $78,000. ALL PROPERTIES HAVE BEEN MAINTAINED. ALL PROPERTIES ARE ON THE EASTSIDE OF DETROIT. OWNER PAYS ALL UTILITIES IN THE APARTMENT BUILDING, TENANTS PAYS ELECTRIC AND GAS IN SOME OF THE RESIDENTIAL PROPERTIES, OWNER PAYS UTILITIES IN OTHERS. RESIDENTIAL PROPERTIES ARE LOCATED AT 14901-3 MAPLERIDGE, 8071-3 ROBINWOOD, 18655-7 GABLE, 15010 LAPPIN, 14774 WILFRED, 13625 DEAN AND 14101 E STATE FAIR. ( Additional MLS Data: Summer Tax: $3695, Winter Tax: $534 )

Amenities

  • Transaction TypeSale
  • Zip48203
  • CountyWayne
  • SQFT7338
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Zoning typeMulti-Family
  • School districtDetroit
  • Year built1927
  • Lot size0.10
  • SewerSewer-Sanitary
  • HeatingForced Air
  • Tax amount$4,229.00
  • Office ID367613
  • Agent ID272277
  • Agent nameGlen L Brown
  • MLS® ID218007277

Broker: Provided through IDX through Realcomp II Ltd. Courtesy of RE/MAX Dream Properties Copyright 2018 Realcomp II Ltd. Shareholders

Listing Courtesy of Provided through IDX through Realcomp II Ltd. Courtesy of RE/MAX Dream Properties Copyright 2018 Realcomp II Ltd. Shareholders

Have Questions?

“The Woodbeck Team far exceeded every expectation I had! I initially contacted them to discuss selling our house in a year or so. After sitting down with Jessica and hearing about their process, we decided to go ahead with selling our house then instead of waiting. After that, everything happened so quick! Their staging expert assessed our home and provided us with a room by room guide of suggestions to get our home sold fast and for top dollar. Jessica then sold our house the second day it was on the market for THOUSANDS over asking price! Everything happened just as fast with Justin. After meeting with him to discuss what we were looking for in a new home, he knew exactly what we were looking for. We only had to look at 5 houses before we found the one, and our offer was accepted without any back and forth. The Woodbeck Team is AMAZING!!!”

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248.514.1774