Ignite FB Tracking Pixel13250 Leroy Street, Southgate, MI 48195 - Jeff Smith
Island Realty - KW Advantage
Jeff Smith, Island Realty - KW AdvantagePhone: (313) 330-3391
Email: [email protected]
listing
1 of 0
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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