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$ 4,980,000
Est. payment /mo
Pending
2255 Webb ST Detroit, MI 48206
212 Beds
156 Baths
150,689 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 150,689 sqft
Price per Sqft $33
Subdivision Oakman & Stoll
MLS Listing ID 58050172514
Bedrooms 212
Full Baths 156
Year Built 1948
Lot Size 4 Sqft
Property Sub-Type MultiFamily
Property Description
BACK ON THE MARKET DUE TO BUYER NOT HAVING FUNDS TO CLOSE AT CLOSING. PRICE REDUCED TO SELL!! CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 50% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. All of the windows have been updated to vinyl. 48 of the units are on boiler heat and the rest of the 108 units are individually furnaced. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down, seller must be in first position. Serious buyers only please!
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Heating ForcedAir, NaturalGas, SeparateMeters, Steam
Exterior
View Y/N No
Building
Foundation Basement
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Justin Zehel of Keller Williams Paint Creek
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