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203 Chandler Street

Detroit, MI 48202
  • $1,395,000
  • STATUS: Active
  • ON SITE: 25 days
  • ID#: 2210052987
UPDATED: 203 min ago
$1,395,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 9,492
    SQFT
  • $147
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Zoning:
Multi-Family
Lot Size Dimensions:
100 X 125

School Ratings & Info

School District:

Description

Fully occupied 14-unit apartment building in a great location. Stable, long-term tenants allow for an investor to achieve immediate cash flow. Unfinished attics may be finished for possible additional living space. Neighboring parcel 219 Chandler, currently used for parking, is included in this transaction. Many recent improvements including: new roof with transferable warranty; new fascia board; new commercial gutters; new siding on dormers; new dormer windows; and some new water heaters. Most gas/electricity is individually metered and billed directly to tenants. Close proximity to public transportation, including the M1 Rail. 1st floor units all have separate, private basements. 2nd floor units have unfinished attics. This was originally 7 townhouses that were split into 1st and 2nd floor units.

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than NextHome Showcase are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-08-03T00:04:29.22.
www.nexthomeshowcase.com/homes/119129389
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203 Chandler Street Detroit, MI 48202

  • Price: $1,395,000
  • Status: Active
  • Updated: 203 min ago
  • ID#: 2210052987
0
Beds
14
Baths
0
½ Baths
0.29
Acres
9,492
SQFT
$147
$/SQFT
1924
Built
Neighborhood:
Chandler Ave Sub (Plats)
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
Fully occupied 14-unit apartment building in a great location. Stable, long-term tenants allow for an investor to achieve immediate cash flow. Unfinished attics may be finished for possible additional living space. Neighboring parcel 219 Chandler, currently used for parking, is included in this transaction. Many recent improvements including: new roof with transferable warranty; new fascia board; new commercial gutters; new siding on dormers; new dormer windows; and some new water heaters. Most gas/electricity is individually metered and billed directly to tenants. Close proximity to public transportation, including the M1 Rail. 1st floor units all have separate, private basements. 2nd floor units have unfinished attics. This was originally 7 townhouses that were split into 1st and 2nd floor units.
Exterior Features

Architecture Level 2 Story Architecture Style TownhouseUpper/Lower Apartment Construction Materials Brick Foundation Details Basement Foundation Materials Brick Lot Size Dimensions 100 X 125 Multifamily Parking Paved Pool YN No Porch Type BalconyPorch Road Frontage Feet 100 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 14.00 Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 9492 Sq Ft Total Basement 4746 Unit Efficiency Number Of 0 Unit One Bed Number Of 14 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Assessment 0 Encroachment YN No Gross Scheduled Income 110760.00 Income Projection Actual Land Contract YN No Listing Financing CashConventionalWarranty Deed Monthly Rental Income 9230 Net Operating Income 92682.00 Number Of Units Leased 14 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 30 Rent Includes Water/Sewer Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 3397.0000 Tax Amount Winter 396.0000 Title Private - Owned Total Tax 3793.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 203 CHANDLER ST Water Source Municipal Water Zone Conform YN Yes Zoning Multi-Family

IDX provided courtesy of Realcomp II Ltd., via O'connor Realty and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than NextHome Showcase are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-08-03T00:04:29.22.
 
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