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785 Forest Street

Wyandotte, MI 48192
  • $1,190,000
  • STATUS: Pending
  • ON SITE: 162 Days
  • ID#: 20221031793
Pending
UPDATED: 51 min ago
$1,190,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,600
    SQFT
  • $124
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1925
County:
Area:
Zoning:
Multi-Family
Lot Size Dimensions:
83.80 X 140.00

School Ratings & Info

School District:

Description

THIS ABSOLUTELY BEAUTIFULLY REMODELED BUILDING IS READY FOR A NEW OWNER! This 7 unit apartment complex is stunning and is performing very well financially. Everything in this building was updated as part of the renovation. Your annual maintenance will be very low as everything is new! 6 of the 7 units are rented out, with 1 currently being held for a daily or weekly rental. The owner spared no expense on this project and it shows, both in person and in the annual rent roll.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp II Ltd.. © 2023 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: 2023-02-02T15:00:07.027.
www.nexushomesearch.com/homes/132377550
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785 Forest Street Wyandotte, MI 48192

  • Price: $1,190,000
  • Status: Pending
  • On Site: 162 Days
  • Updated: 51 min ago
  • ID#: 20221031793
0
Beds
0
Baths
0
½ Baths
0.27
Acres
9,600
SQFT
$124
$/SQFT
1925
Built
Neighborhood:
Garfield Place Sub
County:
Wayne
Area:
Wyandotte
School District:
WYANDOTTE
Property Description
THIS ABSOLUTELY BEAUTIFULLY REMODELED BUILDING IS READY FOR A NEW OWNER! This 7 unit apartment complex is stunning and is performing very well financially. Everything in this building was updated as part of the renovation. Your annual maintenance will be very low as everything is new! 6 of the 7 units are rented out, with 1 currently being held for a daily or weekly rental. The owner spared no expense on this project and it shows, both in person and in the annual rent roll.
Exterior Features

Architecture Level 2 Story Commercial Exterior Features Outside LightingPerimeter Fence Construction Materials Brick Exterior Features Fenced Foundation Details Basement Foundation Materials Block Lot Size Dimensions 83.80 X 140.00 Road Frontage Feet 83 Road Frontage Type Paved Roof Material Asphalt Side Of Street Se Waterfront YN No

Interior Features

Building Area Source Public Records Commercial Utilities Dual-Flush ToiletsWatersenseã‚® Labeled Showerhead(S)Smoke Alarm Heating Cooling Energy Starã‚® Qualified Furnace EquipmentForced Air Heating Fuel Natural Gas Sq Ft Main 9600 Sq Ft Office 0 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 7 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Accessibility Features Accessible Approach With RampAccessible Common AreaAccessible Entrance Assessment 0.00 Commercial Type Business And Real Estate Existing Lease YN Yes Gross Scheduled Income 118900.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventionalWarranty Deed Monthly Sales 10400 Net Operating Income 76880.00 Operating Expense 42020.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 100 Possession At Close Postal City Wyandotte Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 12676.0000 Tax Amount Winter 4470.0000 Title Standard (Private) Total Tax 17146.0000 Unparsed Address 785 Forest Street Water Source Public (Municipal) Year Remodeled 2020 Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Kw Showcase Realty: (248) 360-2900 and Realcomp, ©2023 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp II Ltd.. © 2023 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: 2023-02-02T15:00:07.027.
 
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