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16960 Meyers Street

Detroit, MI 48235
  • $1,500,000
  • STATUS: Active
  • ON SITE: 230 Days
  • ID#: 2220027574
UPDATED: 149 min ago
$1,500,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1987
County:
Zoning:
Commercial
Lot Size Dimensions:
Business Only

School Ratings & Info

School District:

Description

Have you been looking for a plaza? Look no further! This great investor special is the opportunity you have been looking for. This plaza features 7 units which are 100% occupied. Tenants have been consistently paying rent on time. Most tenants have been renting their units for over five + years. Leases were recently renewed for an additional two years. Rent recently increased to match market value. Roof was installed in 2020. Do not disturb tenants! Contact sellers agent today if you are interested! This property won't last long. Sellers are motivated! Rental income exceeds $11,000 per month and over $133,000 annually.BATVAI

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp II Ltd.. © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-12-04T23:56:57.117.
www.nexushomesearch.com/homes/127819711
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16960 Meyers Street Detroit, MI 48235

  • Price: $1,500,000
  • Status: Active
  • On Site: 230 Days
  • Updated: 149 min ago
  • ID#: 2220027574
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1987
Built
Neighborhood:
Det 6-tire - Grnfld - Livernois
County:
Wayne
Area:
Det 6-tire - Grnfld - Livernois
School District:
DETROIT
Property Description
Have you been looking for a plaza? Look no further! This great investor special is the opportunity you have been looking for. This plaza features 7 units which are 100% occupied. Tenants have been consistently paying rent on time. Most tenants have been renting their units for over five + years. Leases were recently renewed for an additional two years. Rent recently increased to match market value. Roof was installed in 2020. Do not disturb tenants! Contact sellers agent today if you are interested! This property won't last long. Sellers are motivated! Rental income exceeds $11,000 per month and over $133,000 annually.BATVAI
Exterior Features

Architecture Level 1 Story Construction Materials Brick Foundation Details Slab Foundation Materials Poured Lot Size Dimensions Business Only Road Frontage Feet 140 Road Frontage Type Gravel Roof Material Asphalt Waterfront YN No

Interior Features

Building Area Source Other Heating Cooling Forced Air Heating Fuel Natural Gas Office Heating Cooling Central Air Plant Heating Cooling Central Air Sq Ft Main 5880 Sq Ft Office 0

Property Features

Business Type ServiceRetail Commercial Type Business And Real Estate Current Use Rental Use Encroachment YN No Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 133320.00 Inventory Included YN No Inventory List YN No Land Contract YN No Listing Financing CashConventional Monthly Sales 11110 Net Operating Income 118133.27 Operating Expense 15186.73 Ownership Status Short Sale - NoPrivate Owned Percent Leased 100 Possession At Close Postal City Detroit Protection Period 180 Restrictions YN No Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 9984.9900 Tax Amount Winter 1201.7400 Title Standard (Private) Total Tax 11185.0000 Unparsed Address 16960 Meyers Street Water Source Public (Municipal)Water At Street Year Remodeled 2021 Zone Conform YN Yes Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Exp Realty Llc: (888) 501-7085 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp II Ltd.. © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-12-04T23:56:57.117.
 
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