See all 31 photos
31 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$309,999
Est. payment /mo
6 Baths
0.27 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Dearborn City
Subdivision Dearborn City
MLS Listing ID 20251019074
Year Built 1925
Annual Tax Amount $4,884
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 108.00 x 110.00
Source Realcomp
Property Description
Rare Investment Opportunity in Prime South End Dearborn—Fully Occupied 8-Unit Building!Opportunities like this hardly ever hit the market in this highly desirable, tightly held neighborhood. This turnkey, income-producing property features eight fully furnished units—seven 1-bedroom units and one 2-bedroom unit (Unit #1)—all currently occupied by long-term, stable tenants, many of whom have been in place for over a decade. Consistent, reliable cash flow with minimal landlord involvement, as the on-site property manager is also a tenant. Major mechanicals are updated, including a newer furnace and hot water tank. Bonus 1.5-car garage offers valuable additional storage space.Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a low-maintenance, cash-flowing asset in a location where properties almost never become available.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Dix - Salina
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Aluminum Siding
Schools
School District Dearborn
Others
Tax ID 321021322041
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Listed by Berkshire Hathaway HomeServices Kee Realty Bham