Ignite FB Tracking Pixel13250 Leroy Street, Southgate, MI 48195 is now new to the market! - Jeff Smith
Island Realty - KW Advantage
Jeff Smith, Island Realty - KW AdvantagePhone: (313) 330-3391
Email: [email protected]

13250 Leroy Street, Southgate, MI 48195 is now new to the market!

by Jeff Smith 07/13/2022

13250 Leroy Street, Southgate, MI 48195
Multifamily
$1,250,000
13250 Leroy Street
Southgate, MI 48195
Listed by: Island Realty Inc, (734) 671-2280
MLS: Realcomp II Ltd
16Baths
11,086Sq Ft
Est. Mortgage
$6,552/mo

**A PROPERTY INVESTORS DREAM** Note: Both parcels have been combined into this listing. A total of 16 units (1-two bedroom & 15 1-bedroom), 2 buildings, great location and well maintained with potential gross income of $121k+ and a Cap Ratio close to 6%. Both buildings are brick and mostly maintenance free. Crawl space under one building and the other building is on a slab. All 16 units have been consistently rented over the years of ownership. The roofs on both buildings are less than 10 years old. Total of 4 - 75 gallon HWT's. All apartments are furnished with a refrigerator, stove, furnace and A/C. All tenants on separate meters for gas/electric and the owner pays the water. All tenants on a MTM 90-days after move-in date. No pets or smoking allowed. All units have front/rear private entrances. A total of 35 parking spots (each tenant has 2 spots) with additional parking on Leroy St.

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Author

Jeff Smith

Hello and thanks for taking the time to visit my website. Whether you're in the beginning phases of your real estate needs or are ready now to buy and/or sell you'll benefit from having a real estate professional by your side. My financial background and real estate knowledge will provide you with an abundance of information needed for a smooth & successful transaction. Let me guide you through the entire process of the transaction and I promise you will not be disappointed. Check out my past client reviews on this site.