$1,076,000
$1,159,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
10,500 SqFt
SOLD DATE : 03/23/2021
Key Details
Sold Price $1,076,000
Property Type Commercial
Sub Type Apartments,Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $102
Subdivision John H Walsh
MLS Listing ID 2200093869
Sold Date 03/23/21
Bedrooms 12
Originating Board Realcomp II Ltd
Year Built 1986
Annual Tax Amount $16,162
Lot Size 0.630 Acres
Acres 0.63
Lot Dimensions 245x110
Property Description
14632, 14642, 14648, Prospect St. Dearborn, MI 48126. 12 Units Three Solid Brick Buildings Built in 1986,89,92 Approximately 10500 Square Feet. 4 Two Bedroom And 8 One Bedroom Units Once In A Lifetime Opportunity In Prime Dearborn Location Near Everything Close To Ford World Headquarters U of M Dearborn Henry Ford College DTW Airport Downtown Detroit Wayne State University Dearborn DAC Wagner Place Located Almost Directly In The Middle Of Both East And West Downtown Dearborn Corridors Ford Is Investing Billions In Its EV Development Campus In Central Train Depot At Corktown This Is The Perfect Location To Realize Steady Rental Income Currently Grossing $96000 Annually Rental Rates Are Very Tenant Friendly Excellent Tenant Base With Very Low Turnover Leases Are Month-To-Month Average Tenancy Is Three Years Buildings And Grounds Are Very Well Maintained By Both Lessor And Lessees' Each Unit Includes A Carport Showings Require Pre-Approval Proof Of Funds Must Be Covid Compliant Data Appr
Location
State MI
County Wayne
Area Dearborn
Zoning Commercial,Multi-Family,Residential
Direction Michigan Ave. to Schlaff go South to Prospect go West.
Interior
Hot Water Natural Gas
Heating Central Air, Forced Air, Wall/Floor Furnace
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Asphalt
Accessibility Accessible Closets, Accessible Doors
Road Frontage Paved
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Structure Type Brick,Vinyl
Schools
School District Dearborn
Others
Tax ID 32821018419065
Ownership Private Owned,Short Sale - No
Acceptable Financing Cash, Conventional, Warranty Deed
Rebuilt Year 2015
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
Special Listing Condition Full Service
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