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About This Home
This 0-bedroom, 10-bathroom residential multi family at 12927 Plymouth Road in Detroit, MI is listed for $550,000 ($123 per sqft). Built in 1955, the home offers 4,467 sqft of living space on a 0.28 acres lot.
INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow.
This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio.
Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer’s agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA is required to receive the full Rent Roll.
Key Features
- Built in 1955
- 0.28 acre lot
Property Details
Monthly Cost Estimate
$2,942/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
12927 Plymouth Road
Detroit, MI 48227
Coon Ave Heights Sub
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 10-bathroom residential multi family at 12927 Plymouth Road is listed at $550,000 ($123/sqft). The estimated monthly payment is $2,383 based on 20% down at 6.5% interest.
Key features include: Built in 1955, 0.28 acre lot.
This property is listed by Behzad Bokani and can be reached at 2489519555 or behzad@bokanigroup.com.
