18041 PELKEY Street, Detroit, MI 48205 - MLS#20240058178

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Jay Fontaine

jay@fontainerealtyteam.com +1(734) 718-7425

$188,700

Est. payment - /mo

2,534 SqFt

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UPDATED:

08/30/2024 03:54 PM

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 2,534 sqft

Price per Sqft $74

Subdivision Trombley Pk

MLS Listing ID 20240058178

Originating Board Realcomp II Ltd

Year Built 1927

Annual Tax Amount $1,689

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40.00 x 126.00

Property Description

LOCATED 8 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18041 PELKEY NESTLED ON A 5,227 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 3 RECENTLY REMODELED 3 BEDROOM AND 1 BED UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND ONE WITH BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN RENTED WITH 3 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 3613 PAID IN FULL BY THE GOVERNMENT. TENANTS COVER ALL THE UTILITIES WITH ROI OF JUST UNDER 20 PERCNT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 75 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Location

State MI

County Wayne

Area Det 8 To Gratiot/Houston To 7

Zoning Multi-Family

Direction Pelkey / Greiner

Interior

Heating Hot Water

Heat Source Natural Gas

Exterior

Waterfront no

Road Frontage Paved

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I030189S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

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Listed by Marta Kopania of 1st Michigan Real Estate

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Jay Fontaine

+1(734) 718-7425

Broker | License ID: 370315

Broker License ID: 370315

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