PRICE REDUCED TO SELL! CALLING ALL INVESTORS! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT / OPPORTUNITY! 50% occupied! 100 one bed / one bath and 56 two beds / one bath units. Occupied units are in great condition. Vacan

2255 WEBB, Out of City

$5,480,000 USD
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Address2255 WEBB, Out of City
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Price$5,480,000
Property StatusActive
MLS NumberA11865994
Property Size212137
Lot Size212137
Days on Market17

Detailed Description: PRICE REDUCED TO SELL! CALLING ALL INVESTORS! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT / OPPORTUNITY! 50% occupied! 100 one bed / one bath and 56 two beds / one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated / replaced. All of the windows have been updated to vinyl. 48 of the units are on boiler heat and the rest of the 108 units are individually furnaced. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down, seller must be in first position.

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Address Information
StateMI
CityOut of City
CountyOUTSIDE of Florida
Zip Code48206
Address2255 WEBB
Financial Information
Price$5,480,000
Price per Foot$0
Full Descriptions
Detailed DescriptionPRICE REDUCED TO SELL! CALLING ALL INVESTORS! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT / OPPORTUNITY! 50% occupied! 100 one bed / one bath and 56 two beds / one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated / replaced. All of the windows have been updated to vinyl. 48 of the units are on boiler heat and the rest of the 108 units are individually furnaced. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down, seller must be in first position.
Heating DescriptionWall Furnace
Water DescriptionPublic
Sewer DescriptionPublic Sanitation
Property parameters
Living Area212137
Lot Size212137
Total Acreage0.000
Maximum Leasable Size212137
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Listed withKeller Williams Eagle Realty