16810 Baylis Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48221
Key Details
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Active
Purchase Type For Sale
Square Footage 5,352 sqft
Price per Sqft $112
Subdivision Nagels Golf Club
MLS Listing ID 20251015492
Style Common Entry Building
Bedrooms 5
Full Baths 5
Year Built 1927
Annual Tax Amount $134
Lot Size 7,405 Sqft
Property Sub-Type Common Entry Building
Property Description
Fully updated and income-producing 5-unit apartment building, offering a strong opportunity for investors. Each unit is currently occupied by reliable tenants, all of whom have been in place for approximately three years and wish to stay. All leases are month-to-month, leaving flexibility for the new owner. Recent upgrades include energy-efficient appliances, a new furnace, and a new hot water tank. No major repairs are needed. Approximately 15 years remain on the tax abatement. Located near expressways, just 15 minutes from downtown Detroit and 20 minutes from Detroit Metro Airport. Great 8.5% cap rate in an up-and-coming Detroit neighborhood.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Interior
Heating Forced Air
Exterior
Garage Spaces 2.0
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA