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20520 Plymouth Road, Detroit, MI 48228

$1,450,000
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List Price
$1,450,000
Days on Market
20
MLS#
20261080985
Status
ACTIVE
Type
Commercial
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(616) 402-2701

Property Description

This property combines strong in-place income with the opportunity to increase value through lease-up and future rental growth. Its recent renovations significantly reduce near-term capital expenditure concerns, making it an excellent addition to any investment portfolio.Whether you're expanding your multifamily holdings or completing a 1031 exchange, this is an opportunity worth a closer look. Complete renovation 2024, new roof 2019. Immediate cash flow. Around a 7% cap currently.

(616) 402-2701
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Additional Information

Taxes
$36,009
Acres
0.42
Basement
Basement
School District
Detroit
Water
Public
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Listing courtesy of Listing Agent: Mike Ayoub from Listing Office: RE/MAX Team 2000.

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