3550 Montclair Street, Detroit, Michigan 48214

$699,900

Property Details

MLS#: 20251033366
Bedrooms: N/A
Bathrooms: 16
Square Feet: 10,944
Price per Sqft: $64
Lot Size: 0.23 acres
Year Built: 1925
Property Type: ResidentialIncome
Status: Active
Days on Market: 172

Description

**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas.

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 3550 Montclair Street?

3550 Montclair Street is listed at $699,900, or $64 per square foot.

How many bedrooms does 3550 Montclair Street have?

This property has N/A bedrooms and 16 bathrooms, with 10,944 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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