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13250 Leroy Street, Southgate, MI 48195

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13250 Leroy Street, Southgate, MI 48195
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Comments for 13250 Leroy Street, Southgate, MI 48195

**A PROPERTY INVESTORS DREAM** Note: Both parcels have been combined into this listing. A total of 16 units (1-two bedroom & 15 1-bedroom), 2 buildings, great location and well maintained with potential gross income of $121k+ and a Cap Ratio close to 6%. Both buildings are brick and mostly maintenance free. Crawl space under one building and the other building is on a slab. All 16 units have been consistently rented over the years of ownership. The roofs on both buildings are less than 10 years old. Total of 4 - 75 gallon HWT's. All apartments are furnished with a refrigerator, stove, furnace and A/C. All tenants on separate meters for gas/electric and the owner pays the water. All tenants on a MTM 90-days after move-in date. No pets or smoking allowed. All units have front/rear private entrances. A total of 35 parking spots (each tenant has 2 spots) with additional parking on Leroy St.

$1,250,000.00

Estimated Monthly Payment: $5,611.24 (including taxes & insurance estimates)

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Property Details

City: SouthgateProperty Type: Multi Unit - Multiple
Subdivision: QUIET LANE SUBLot Size: 1.19 Acres
School District: SouthgateBathrooms: 16 full
Status: ActiveSquare Feet: 11086
Year Built: 1968MLS#: 2220003547

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Property Features

Property Type: Multi Unit - MultipleHome Style: Ranch
Architecture: RanchInterior: High Spd Internet Avail, Cable Available
Cooling: Ceiling Fan(s), Separate Meter, Window Unit(s)Lot Dimensions: 1.19 Acre(s)
Days on Site: 79Lot Size: 1.19 Acres
Exterior: BrickRoad Frontage: Paved, Pub. Sidewalk
Foundation: Crawl, SlabSummer Tax: $16488.0000
Frontage Feet: 236Water Heater: Natural Gas
Fuel Type: Natural GasWinter Tax: $2956.0000
Heating: Forced Air, Separate MetersYear Built: 1968

School Information

School District: Southgate

Listed By

Agency Name: Island Realty Inc
Agency Phone: (734) 671-2280

Shown By

Agency Title: Russ Ravary
Agency Phone:

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