Active

1280 DEWEY Street

Plymouth MI, 48170

$830,000


$183.30 per sqft

Active

7 Beds

9 Baths

4,528 sqft

Multi-family

Built in 1973

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.

20240038229

MLS ID

June 3, 2024

Listed

July 13, 2024

Updated

Map

1280 DEWEY Street
Plymouth MI, 48170

Interior Features

Bedrooms

7


Total Bathrooms

9


Full Bathrooms

6


Half Bathrooms

6


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Window Unit(s)


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.26 Acres


Exterior Features

Balcony


Architectual Style

Colonial

School Information

School District

Plymouth Canton

Other Property Details

Area Name

Plymouth


Taxes

$10,694


Tax Frequency

Annually


Days on Market

10


Garage

No


Parking Total

10


View

No


County

Wayne


Pool

No


Zoning

Multi-Family

Listing History

Date

Event

Price

7/8/2024

Price Change

$830,000

-2%

6/5/2024

Active

 

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Data last updated 5:05 PM UTC, 7/13/2024

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