Detroit, MI 48205 2774,18041 PELKEY Street
Detroit, MI 48205 2774,18041 PELKEY Street
Detroit, MI 48205 2774,18041 PELKEY Street
Detroit, MI 48205 2774,18041 PELKEY Street
Detroit, MI 48205 2774,18041 PELKEY Street
Detroit, MI 48205 2774,18041 PELKEY Street
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$188,700

$188,700

Est.Price: ?

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Est. payment /mo

2,534 SqFt


SOLD DATE : 11/15/2024

Key Details

Sold Price $188,700

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,534 sqft

Price per Sqft $74

Subdivision Mi

MLS Listing ID 60329888

Sold Date 11/15/24

Annual Tax Amount $1,689

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40.00 x 126.00

Property Description

LOCATED 8 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18041 PELKEY NESTLED ON A 5,227 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 3 RECENTLY REMODELED 3 BEDROOM AND 1 BED UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND ONE WITH BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN RENTED WITH 3 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 3613 PAID IN FULL BY THE GOVERNMENT. TENANTS COVER ALL THE UTILITIES WITH ROI OF JUST UNDER 20 PERCNT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 75 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Interior

Heating Hot Water

Exterior

Waterfront No

Building

Foundation Basement

Water Public Water at Street

Structure Type Brick

Others

Ownership Private

Assessment Amount $340

Energy Description Natural Gas

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by 1st Michigan Real Estate
Bought with 1st Michigan Real Estate
agent-avatar

+1(586) 243-1533

frannyk@epique.me

44633 N Gratiot Ave, Clinton Twp, MI, 48036, USA

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