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761 Whitmore Road

Detroit, MI 48203
  • $1,250,000
  • STATUS: Accepting Backup Offers
  • ON SITE: 71 Days
  • ID#: 20240046180
Under Contract
UPDATED: 70 min ago
$1,250,000
  • 0
    BEDS
  • 0.67
    ACRES
  • 30
    BATHS
  • 0
    1/2 BATHS
  • 24,499
    SQFT
  • $51
    $/SQFT
Type:
Multi-Family
Built:
1949
County:
Zoning:
Multi-Family
Lot Size Dimensions:
175.00 x 167.00

School Ratings & Info

School District:

Description

Introducing a Prime Investment Opportunity The Metropolitan Apartments in Palmer Park. This 30-unit apartment building offers a mix of 22 spacious 2-bedroom units, and 8 1-bedroom units. The Building has a brand-new roof and windows. Completely demoed to the studs ready for mechanicals and finishes. 19 convenient off-street parking spaces"a rare find in Palmer Park. Sold AS-IS BATVAI

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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: 2024-09-08T17:00:48.533.
www.refacmi.com/homes/152136070
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761 Whitmore Road Detroit, MI 48203

  • Price: $1,250,000
  • Status: Accepting Backup Offers
  • On Site: 71 Days
  • Updated: 70 min ago
  • ID#: 20240046180
0
Beds
30
Baths
0
½ Baths
0.67
Acres
24,499
SQFT
$51
$/SQFT
1949
Built
Neighborhood:
MERRILL PALMER (ALSO PG 55 )
County:
Wayne
Area:
Det 6-8 Grfld-dequindre
School District:
DETROIT
Property Description
Introducing a Prime Investment Opportunity The Metropolitan Apartments in Palmer Park. This 30-unit apartment building offers a mix of 22 spacious 2-bedroom units, and 8 1-bedroom units. The Building has a brand-new roof and windows. Completely demoed to the studs ready for mechanicals and finishes. 19 convenient off-street parking spaces"a rare find in Palmer Park. Sold AS-IS BATVAI
Exterior Features

Architecture Level 2 Story Architecture Style Common Entry Building Construction Materials Brick Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions 175.00 x 167.00 Parking Total 19 Pool YN No Road Frontage Feet 175 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type DaylightUnfinished Basement YN Yes Baths Total 30.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 24499 Sq Ft Total Basement 9000 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 8 Unit Three Bed Number Of 0 Unit Two Bed Number Of 22

Property Features

Assessment 100.00 Existing Lease YN No Gross Scheduled Income 491520.00 Homestead YN No Income Projection Projected Land Contract YN No Listing Financing CashConventionalWarranty Deed Monthly Rental Income 40960 Net Operating Income 393216.00 Number Of Units Leased 0 Operating Expense 98304.00 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 8440.0000 Tax Amount Winter 1021.0000 Title Standard (Private) Total Tax 9461.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 761 WHITMORE Road Water Source Public (Municipal) Year Remodeled 2024 Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via @properties Christie's Int'l R.E. Detroit: (313) 230-0510 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: 2024-09-08T17:00:48.533.
 
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