Address
7 Florence Street River Rouge, MI
Price
$ 168,000
Property Attributes
  • ML#2200073736
  • TypePending
  • CountyWAYNE
  • CityRiver Rouge
  • AreaRiver Rouge
  • NeighborhoodANN VIS GERS SUB
  • Zip48218
  • StyleQuadruplex
  • Year Built1958
  • Taxes1809
  • Price$ 168,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3284
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Real Estate One-Southgate
Property Description

Fantastic and rare opportunity to purchase an excellent cash-flowing 4 unit apartment building. You can't get any better than this! Fully occupied and turn-key investment. Each apartment is metered separately with electric and gas and owner pays water. New roof on the entire building and the building is freshly painted throughout. This building is very well cared for by the owner and current tenants. Rent could be much higher than what is currently being charged. Start increasing your annual income today!

Price History
9/9/2020 Listed $168,000

General Features

Basement Type Common
Construction Materials Aluminum
Cooling Ceiling Fan(s), Window Unit(s)
Cumulative Days on Market 12
Gross Scheduled Income 31200.00
Heating Forced Air
Listing Agent Public Id 412004
Net Operating Income 28791.00
Originating MLS Realcomp II Ltd
Ownership Status Private Owned, Short Sale - No
Parcel Number 50004990018000
Property Type Multifamily
Rent Includes Water/Sewer
School District River Rouge
Sewer Sewer-Sanitary
Short Sale No
Status Pending
Subdivision Name ANN VIS GERS SUB
Terms Offered Cash, Conventional
Total Sq Ft 3284
Transaction Type Sale
Year Built 1958
Year Remodeled 2020
Zoning Multi-Family

Interior Features

Basement Y/N Yes
Full Baths 4
Heating Fuel Natural Gas
Total Baths 4.00
Total Units 4
Unit Count 4

Exterior Features

Architecture Level 2 Story
Architecture Style Quadruplex
Foundation Basement
Foundation Materials Block
Frontage Feet 119
Lot Size Area 0.10
Lot Size Dimensions 119.60X36.60
Porch Porch
Roof Material Asphalt
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Brookstone Realtors and The Originating MLS(found above), © 2020 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for 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.

Data is updated as of November 26, 2020 4:13 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48218

Price
AVG $90K
$170K
Taxes
AVG $1,630
$1,809
Visits
AVG 14
22
Year Built
AVG 1925
1958
Walkscore
AVG 61
73
Data Provided by Walkscore ® not using MLS data

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