8225 CADILLAC, Warren, Michigan 48089

$299,000
8
BA
2,769
SqFt
List Price
$299,000
MLS#
58031380006
Status
ACTIVE
Bathrooms
8
Subdivision
PIPERS FIRST VANDYKE FARMS

Property Description

GREAT INVESTMENT PROPERTY! LOW MAINTENANCE AND GREAT CASH FLOW. SINGLE STORY 8 UNIT APARTMENT BUILDING. EACH OF THE 8 UNITS ARE A ONE ROOM STUDIOS WITH A KITCHEN EFFICIENCY, STOVE, OVEN, REFRIGERATOR AND SINK, WALK IN CLOSET, PRIVATE FULL BATH, CEILING FAN, SMOKE DETECTOR, INDEPENDENT HEAT. PRIVATE EXTERIOR ENTRANCES, CINDER BLOCK CONSTRUCTION, FLAT ROOF, SLAB FOUNDATION. HAS NEWER VINYL WINDOWS (2005), SEWER LINE TO STREET (2008), HOT WATER HEATER (2012) ALL UNITS HAVE NEW TOILETS, BATHROOMS SINKS, KITCHEN SINKS AND BULLETPROOF VYNIL PLANK FLOORING WITHIN THE PAST 3 YEARS. BONUS ON SITE COIN OPERATED LAUNDRY FOR ADDITIONAL REVENUE. POSSIBLE 9TH UNIT COULD BE BUILT BY MAKING THE LAUNDRY ROOM AND MAINTENANCE ROOM SMALLER INCREASING CASH FLOW EVEN MORE, MAKING THIS PROPERTY A 13.75 CAP RATE

Additional Information

Summer Taxes
125
Winter Taxes
5835
Year Built
1954
Total Number Of Units
4
Acres
0.2
Lot Dimensions
80x109
Style
Ranch
Acres
0.2
School District
Van Dyke
Cooling
Ceiling Fan
Exterior Features
Outside Lighting

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Listing courtesy of Real Estate in the Pointes.

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