12927 Plymouth Road, Detroit, Michigan 48227

$550,000

Property Details

MLS#: 20261014273
Bedrooms: N/A
Bathrooms: 10
Square Feet: 4,467
Price per Sqft: $123
Lot Size: 0.28 acres
Year Built: 1955
Property Type: ResidentialIncome
Status: Active
Days on Market: 3

Description

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 is required to receive the full Rent Roll.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 12927 Plymouth Road?

12927 Plymouth Road is listed at $550,000, or $123 per square foot.

How many bedrooms does 12927 Plymouth Road have?

This property has N/A bedrooms and 10 bathrooms, with 4,467 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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