18230 Weaver, Detroit, MI
Multi-family for Sale - $350,000 - 11,500 Sq. Ft.
Property Info
| CIMLS# | 1024950 |
| Location 18230 Weaver Detroit MI 48228 | |
| Updated | August 29th, 2018 |
| Type | Multi-family |
| Price | $350,000 |
| Building | 11,500 Sq. Ft. |
Property Description
INVESTOR SPECIAL!!! This is the only building of its kind!! Fully renovated in 2015, fully occupied until Jan 2018 when building changed management and evicted tenants. Units have individual furnaces and electric water heater and all utilities metered off to tenant.
Landlord only pays for water.
Building sold As-Is
Financials
PROFORMA FINANCIALS:
Gross Rental Income: $126,000
Vacancy Loss: $12,600
Effective Gross Income: $113,400
Taxes: $2,750
Operating Expenses: $45,423
Total Expenses: $48,173
Net Operating Income: $65,227