8525 Maxwell St
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8525 Maxwell St
14 Unit Apartment Building For Sale Detroit, MI 48213
Investment Highlights
- 12 of 14 units have been renovated (cabinets, flooring, toilets, tubs, vanities, electrical fixtures, master keyed doors)
- New windows, gutters, roof (5-6 years old)
- Tenants pay all utilities
- Updated baths & kitchens (Tenants provide appliances)
- Includes adjacent lot for additional parking
- Ability to increase rents to market
Executive Summary
View Listing Page at https://grea.com/properties/maxwell-apartments/
Property Features & Highlights
-12 of 14 Units Have Been Renovated
-Updated Baths & Kitchens (Tenants Provide Appliances)
-New Windows, Gutters, Roof (5-6 Years Old)
-Includes Adjacent Lot - Additional Parking Possible
Unit Updates & Amenities
-New Cabinets & Flooring
-New Toilets, Tubs, Vanities
-New Electrical Fixtures
-New Master Keyed Unit Doors
-Laundry Hookups in Basement
Recent Capital Expenditures
-New Windows & Gutters
-Roof is 5-6 Years Old
-New Electrical Panels, Service, & Wire
-New Gas Lines & Plumbing to Street
-New Exterior Doors & LED Lighting
-2 Basement Units Require Cabinets & Flooring to be Rentable
-Includes Adjacent Lot Which Can be Used for Parking
Property Features & Highlights
-12 of 14 Units Have Been Renovated
-Updated Baths & Kitchens (Tenants Provide Appliances)
-New Windows, Gutters, Roof (5-6 Years Old)
-Includes Adjacent Lot - Additional Parking Possible
Unit Updates & Amenities
-New Cabinets & Flooring
-New Toilets, Tubs, Vanities
-New Electrical Fixtures
-New Master Keyed Unit Doors
-Laundry Hookups in Basement
Recent Capital Expenditures
-New Windows & Gutters
-Roof is 5-6 Years Old
-New Electrical Panels, Service, & Wire
-New Gas Lines & Plumbing to Street
-New Exterior Doors & LED Lighting
-2 Basement Units Require Cabinets & Flooring to be Rentable
-Includes Adjacent Lot Which Can be Used for Parking
Property Facts
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 14 | Building Size | 8,037 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1927 |
| Building Class | B | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 8,037 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | $875.00 | 600 |
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PROPERTY TAXES
| Parcel Number | 17-008486 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $176,200 |
PROPERTY TAXES
Parcel Number
17-008486
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$176,200
zoning
| Zoning Code | R2 (Residential) |
| R2 (Residential) |
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8525 Maxwell St
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