5 Beds
6 Baths
3,961 SqFt
5 Beds
6 Baths
3,961 SqFt
Key Details
Property Type Multi-Family
Sub Type Colonial
Listing Status Active
Purchase Type For Sale
Square Footage 3,961 sqft
Price per Sqft $85
Subdivision Dix Ave Villas Sub
MLS Listing ID 20251019074
Style Colonial
Bedrooms 5
Full Baths 6
Year Built 1925
Annual Tax Amount $4,884
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 108.00 x 110.00
Property Sub-Type Colonial
Source Realcomp II Ltd
Property Description
Opportunities like this hardly ever hit the market in this highly desirable, tightly held neighborhood. This turnkey, income-producing property features eight fully furnished units—seven 1-bedroom units and one 2-bedroom unit (Unit #1)—all currently occupied by long-term, stable tenants, many of whom have been in place for over a decade. Consistent, reliable cash flow with minimal landlord involvement, as the on-site property manager is also a tenant. Major mechanicals are updated, including a newer furnace and hot water tank. Bonus 1.5-car garage offers valuable additional storage space.
Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a low-maintenance, cash-flowing asset in a location where properties almost never become available.
Location
State MI
County Wayne
Area Dearborn
Zoning Multi-Family
Direction Dix - Salina
Rooms
Basement Finished, Walk-Out Access, Walk-Up Access
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Road Frontage Paved
Garage no
Private Pool No
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 3 Story
Structure Type Aluminum
Schools
School District Dearborn
Others
Pets Allowed No
Tax ID 321021322041
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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