$1,250,000
$1,400,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
24 Beds
908 SqFt
SOLD DATE : 12/13/2016
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 908 sqft
Price per Sqft $1,376
Subdivision Wayne County Condo Sub Plan No 811
MLS Listing ID 216084318
Sold Date 12/13/16
Bedrooms 24
Originating Board Realcomp II Ltd
Year Built 2003
Annual Tax Amount $1,380
Lot Dimensions 700.88 X 130
Property Sub-Type Apartments
Property Description
An exceptional investment opportunity that won't last long! Built in 2003, the Alexis Manor Apartments are a quality multifamily community with beautiful landscaping located on over 2 acres of desirable land. Boasting 2 buildings with 24 2-bedroom units totaling over 21,000 sq ft of rentable space, the Alexis Manor Apartments must be seen to be appreciated. Tenant paid gas & electric, carport and surface parking, basement storage, 10 cap rate and Section 8 approved, these units are an exceptional investment. The property contains an additional adjoining vacant lot which can be developed or split off and sold. Located in Wayne near Ford Motor Company's stamping plant, Detroit Medical Center and Henry Ford Health System, it's desirable location ensures the long-term viability and success of this picturesque property. Price includes 35330 & 35390 Van Born as well as adjacent vacant land. Taxes listed are total taxes for all properties
Location
State MI
County Wayne
Area Wayne
Zoning Commercial,Multi-Family,Residential
Direction TAKE VAN BORN WEST PAST ECORSE ON THE RIGHT
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Exterior Feature Private Entry
Utilities Available Fire Sprinkler, Security Alarm, Smoke Alarm
Roof Type Asphalt
Road Frontage Paved
Building
Foundation Slab
Sewer Sewer at Street
Water Municipal Water
Level or Stories 2 Story
Structure Type Brick
Schools
School District Wayne-Westland
Others
Tax ID 55019060009000
Ownership Private Owned,Short Sale - No
SqFt Source PRD
Assessment Amount $72
Acceptable Financing Cash, Conventional
Rebuilt Year 2012
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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