13660 Ohio Street,Detroit, MI 48238
Detroit, MI 48238
Description
Turnkey 8-unit investment opportunity in Detroit's desirable Davison-Schoolcraft neighborhood! The current seller has owned and managed the property for the past 20 years. This well-maintained multifamily property is 100% occupied, with all units updated and leased. Each of the eight units offers 2 bedrooms and 1 full bathroom, currently generating $1,000 per month per unit for strong and consistent cash flow from day one. Each unit has its own individual address, furnace, and utility service. Tenants pay their own gas and electric, while the landlord pays water. Recent improvements include a roof approximately 8 years old and hot water tanks that are approximately 1-2 years old. Furnaces are approximately 18 years old, with 3-4 having been replaced within recent years. Ideally located just off I-96 for convenient access throughout Metro Detroit and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals. This location offers strong tenant demand and long-term investment potential. Whether you're expanding your portfolio or purchasing your first multifamily asset, this fully occupied, income-producing property offers an excellent opportunity with minimal upfront work needed. Square footage source is Realist. Buyer and buyer's agent to verify all information. Some MLS information is based on another address, as no PRD was available for the subject property address.
Details
| MLS # | 60984307 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 189 |
| Listing Provided By | Keller Williams Somerset | James Silver |
Features
| SQ Feet | 5,832 |
|---|---|
| Basement | Y |
| Zoning | Commercial |
| Acreage | 0.28 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement |
Other
| List Aor | Real Comp |
|---|
Taxes
| Property | 18932 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48238 |
| Area | Detroit (82001) |
| Community Name | John M Welch Jrs Wyoming Schoolcraft |
| Listing VS Median (in John M Welch Jrs Wyoming Schoolcraft) | |
Price: $600,000 low | high Med: $120,000 sqft: 5,832 low | high Med: 1,368 $ / sqft: $103 low | high Med: $88 On site: 189 low | high Med: 116 | |
Market Activity 48238
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48238 |
| Area | Detroit (82001) |
| Community Name | John M Welch Jrs Wyoming Schoolcraft |
| Listing VS Median (in John M Welch Jrs Wyoming Schoolcraft) | |
Price: $600,000 low | high Med: $120,000 sqft: 5,832 low | high Med: 1,368 $ / sqft: $103 low | high Med: $88 On site: 189 low | high Med: 116 | |
