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1705 OAKMAN Boulevard, Detroit, MI 48238

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For Sale

$699,900

13 baths • 13 half baths • 8,748 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $80.01
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. It s a solid investment with 10 out of the 13 units currently rented, so you ll start earning right away! Taxes $3,800 annually Insurance $6,000 annually Gas $12,000 annually Electric $2,400 Annually Water $9,600 annually Units 1, 7, 3, 10 are vacant Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years units 6 and 13 pay $600 monthly remaining units pay $500 monthly Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes Not a government rent controlled building and no tenants are section 8 All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas. windows are 4 years old, roof is under 10 years old Located in a charming historic neighborhood with lots of character. This property combines historical appeal with recent upgrades and offers great rental income potential. It s a smart choice for anyone looking to invest in a growing area!
MLS# 20240066483

Courtesy Of REMAX LEADING EDGE
25050 Ford Rd, Dearborn Heights, MI 48127
(313) 277-7777

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Floor Furnace, Radiant
  • Lot Size
    0.14 Acres
  • Rooms
    Basement

Map and Directions

Directions to 1705 OAKMAN Boulevard, Detroit, MI 48238

Home seller CENTURY 21 Curran & Oberski

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Curran & Oberski

(313) 274-1700
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† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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