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18336 Jefferson

Riverview, MI 48193
  • $2,275,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: 20240004916
UPDATED: 124 min ago
$2,275,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 1,720
    SQFT
  • $1,323
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1903
County:
Area:
Zoning:
Multi-Family
Lot Size Dimensions:
52.50 x 100.00

School Ratings & Info

School District:

Description

GREAT INVESTMENT OPPORTUNITY!! 18336 Jefferson is a multi-family property that has seven units all rented on month to month leases generating $3,340 per month! Annual NOI on this property is over $25,000. Only sold as a package with seven other properties. Cap rate on all properties is over 15% ! This is a truly unique, cash cow investment deal: Annual NOI over $300,000 ! Seller is retiring and you can take advantage of instant cash flow. Over 50 tenants in place across all properties. ALL properties are city certified and approved C of O in hand! Reach out for more info!

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE 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: 2024-03-02T23:57:02.01.
www.refacmi.com/homes/147207444
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18336 Jefferson Riverview, MI 48193

  • Price: $2,275,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 124 min ago
  • ID#: 20240004916
0
Beds
7
Baths
0
½ Baths
0.12
Acres
1,720
SQFT
$1,323
$/SQFT
1903
Built
Neighborhood:
Wyandotte Heights Sub
County:
Wayne
Area:
Riverview
School District:
RIVERVIEW
Property Description
GREAT INVESTMENT OPPORTUNITY!! 18336 Jefferson is a multi-family property that has seven units all rented on month to month leases generating $3,340 per month! Annual NOI on this property is over $25,000. Only sold as a package with seven other properties. Cap rate on all properties is over 15% ! This is a truly unique, cash cow investment deal: Annual NOI over $300,000 ! Seller is retiring and you can take advantage of instant cash flow. Over 50 tenants in place across all properties. ALL properties are city certified and approved C of O in hand! Reach out for more info!
Exterior Features

Architecture Level 2 Story Architecture Style Colonial Construction Materials Shingle Siding Foundation Details Crawl Garage YN Yes Lot Size Dimensions 52.50 x 100.00 Parking Total 1 Pool YN No Road Frontage Feet 53 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement YN No Baths Total 7.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 1720 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

Property Features

Assessment 0.00 Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 40080.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing Cash Monthly Rental Income 3340 Number Of Units Leased 7 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Call Postal City Riverview Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 1476.0000 Tax Amount Winter 747.0000 Title Standard (Private) Total Tax 2223.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 18336 JEFFERSON Water Source Public (Municipal) Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Keller Williams Somerset: (248) 649-7200 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE 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: 2024-03-02T23:57:02.01.
 
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