1705 Oakman Boulevard

Detroit, MI 48238

Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. Its a solid investment with 10 out of the 13 units currently rented, so youll start earning right away! Taxes $3,800 annually Insurance $6,000 annually Gas $12,000 annually Electric $2,400 Annually Water $9,600 annually Units 1, 7, 3, 10 are vacant Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years units 6 and 13 pay $600 monthly remaining units pay $500 monthly Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes Not a government rent controlled building and no tenants are section 8 All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas. windows are 4 years old, roof is under 10 years old Located in a charming historic neighborhood with lots of character. This property combines historical appeal with recent upgrades and offers great rental income potential. Its a smart choice for anyone looking to invest in a growing area!

This is an Active listing.

Broker Office Phone Number: 313-277-7777

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