MI
Wayne
Detroit City
48206
2255 Webb Street
2255 Webb Street, Detroit City, MI 48206
Share Listing
Listing Type
Multi Family
Listing Status
pending
53
$4,980,000

Home Details for 2255 Webb Street

Price
$4,980,000
Type
Residential Income
Bedrooms
212
Bathrooms
156.0
Square feet
150689
Year built
1948
Lot size acres
4.87
County
Wayne
Garage
Days on site
229
MLS Listing#
58050172514
Property Description

BACK ON THE MARKET DUE TO BUYER NOT HAVING FUNDS TO CLOSE AT CLOSING. 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. Serious buyers only please!

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
    • Separate Meters
    • Steam
  • Cooling Information
    • None
  • Water Features
    • Public
Listing Courtesy: Keller Williams Paint Creek - 248-609-8000
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Median Listing Price
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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