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12 Baths
4,528 sqft

$765,000

1280 DEWEY ST, Plymouth City Wayne Michigan, 48170

Price per sqft$168.95
Built in1973
Property size4,528 sqft
Property typeMulti-family

Overview

Sold

Closed

Listed Jun 5, 2024

Updated 11 days ago

Great Opportunity to own these six units in Plymouth city. This wonderful investment opportunity apartment building is located in a residential neighborhood, walking distance to charming downtown Plymouth, Kellogg Park and all the restaurants and activities available. These 5 one bedrooms and 1 two-bedroom units are spacious with a nice open floor plan. Since 2016 the owners updated some appliances, bathrooms, counter tops, paint & Carpet. These Apartments are 100% leased and always full. Each unit has its own Separate furnace. Tenants pay for their own electric & Gas reducing the owners’ operational costs. Newer furnaces were installed (2 in 2012 and 4 in 2017). Individual Storage units were added in the basement for each apartment in 2017. The outside of the building was painted in (2022). designated laundry area are attractive features for tenants. And there is a possibility of converting part of the basement into an additional unit which offers potential for increased revenue. First floor patios and second floor balconies enhance living space for tenants making units more desirable. The fact that the apartments are 100% leased and consistently full is a strong indicator of the property desirability and could imply a reliable income stream for the new owner. 10 Car Parking lot for the tenants for their convenience too. check out this great investment.

Additional information

MLS® ID
20240038229

Interior Features

Bathrooms
12
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.26 Acres

Other Property Details

Taxes
$10,694
Tax Frequency
Annually
55+/Senior Community
No

 

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Data last updated 6:26 AM UTC, 9/10/2026

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