$749,900
3550 montclair street, detroit, MI 48214
Property Description
**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas.
General Information
Price: $749,900
Price/SqFt: $69
Status: Active
MLS#: 20251033366
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: hendries (plats)
Acres: 0.23
Lot Dimensions: 58.5X172.83
Bedrooms:0
Bathrooms:16 (16 full, 0 half)
Size: 10,944 sq.ft.
Acreage: 0.23 est.
Year Built: 1925
Property Type: Multifamily
Style: 3 Story
Features & Room Sizes
Exterior: Brick
Basement: 1
Heating: Radiant, Steam
Heating: Radiant, Steam
Tax, Fees & Legal
Est. Summer Taxes: $8,130
Est. Winter Taxes: $10,005
Est. Winter Taxes: $10,005
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Ryan E Kain of RE/MAX Leading Edge, Phone: (734) 404-8800
