16810 Baylis Street, Detroit, Michigan 48221

$499,999

Property Details

MLS#: 20251015492
Bedrooms: N/A
Bathrooms: 5
Square Feet: 7,996
Price per Sqft: $63
Lot Size: 0.17 acres
Year Built: 1927
Property Type: ResidentialIncome
Status: Active
Days on Market: 168

Description

Fully updated and income-producing 5-unit apartment building, offering a strong opportunity for investors. Each unit is currently occupied by reliable tenants, all of whom have been in place for approximately three years and wish to stay. All leases are month-to-month, leaving flexibility for the new owner. Recent upgrades include energy-efficient appliances, a new furnace, and a new hot water tank. No major repairs are needed. Approximately 15 years remain on the tax abatement. Located near expressways, just 15 minutes from downtown Detroit and 20 minutes from Detroit Metro Airport. Great 8.5% cap rate in an up-and-coming Detroit neighborhood.

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 16810 Baylis Street?

16810 Baylis Street is listed at $499,999, or $63 per square foot.

How many bedrooms does 16810 Baylis Street have?

This property has N/A bedrooms and 5 bathrooms, with 7,996 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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