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12927 Plymouth Rd, Detroit, MI, 48227

11beds
2baths
4,467sqft
$499,000
$112price/sqft
$5,406/moest. monthly cost
$216,240/yrincome needed

About This Home

INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer’s agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA and POF/Pre-Approval Letter are required to receive the full Rent Roll.

Getting Around

34
WalkingCar-Dependent
46
TransitSome Transit
43
BikeSomewhat Bikeable

Schools

3/10
Cody High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Slab
  • Roof: Asphalt
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Ranch
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 2
  • Full bathrooms: 10

Features

  • Finished area above ground: 4,467

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: Wall Units

Interior Area

  • Total interior livable area: 4,467 sqft

Property

Details

  • Parcel number: W22I004864C9
  • Zoning description: MultiFamily
  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 0.28 Acres
  • Lot size dimensions: 120 x 100