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7100 FREDA Street $949,000

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7100 FREDA Street Dearborn, MI 48126

  • 22,000 sq.ft.
  • 0.48 Acres
  • Commercial
MLS# 219094052 | Active

$949,000

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Days On Market: 7 0 Views
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Property Details

A RARE COMMODITY...EAST DEARBORN 24 UNIT APARTMENT BUILDING...PRIME RENTAL LOCATION...18 ONE BEDROOM...6 STUDIO...INDIVIDUALLY METERED...TENANTS PAY ELECTRIC BASEBOARD HEATING...RENT INCLUDES WATER, TRASH, LAWN & SNOW, MAINTENANCE...ON-SITE LAUNDRY ROOM FOR ADDITIONAL INCOME...LAND ADJACENT TO BUILDING INCLUDED IN SALE...AMPLE ROOM FOR EXPANSION AND PARKING...NEW ROOF IN 2016...VALUE ADD OPPORTUNITY...PLEASE DO NOT DISTURB TENANTS... CONTACT LISTING AGENT FOR MORE INFORMATION...THIS WILL NOT LAST LONG...SCHEDULE YOUR SHOWING TODAY!

  • General Features
    • County Or Parish Wayne
    • Settlement City
    • Subdivision DETROIT SEAMLESS STEEL WARREN WYOMING
    • Commercial Type Apartments
    • Current Use Multifamily Apartment
    • Lot Size Area 0.48
    • Zoning Commercial, Multi-Family, Residential
    • Ownership Status Private Owned, Short Sale - No
    • Originating MLS Realcomp II Ltd
    • Year Built 1928
    • Sqft Total 22,000
    • Number Of Units Total 24
    • Operating Expense $87,759
    • Net Operating Expense $124,641
    • Gross Scheduled Income $212,400
    • Tax Amount - Summer 15693.0000
    • Tax Amount - Winter 1938.0000
  • Building Features
    • Foundation Details Basement
    • Construction Materials Brick
    • Heating Fuel Electric
    • Unit One Bed Number Of 18
    • Unit Two Bed Number Of 0
    • Unit Three Bed Number Of 0
  • Property Features
    • Road Frontage Type Paved, Pub. Sidewalk
    • Frontage Feet 240
    • Lot Size Dimensions 240 x 140
    • Water Source Municipal Water
    • Sewer Sewer-Sanitary
  • Schools
    • School District Dearborn

Contact

Hamze Jawad

Sales Associate

RE/MAX Team 2000

Office Phone: 313-561-0900

Neighborhood

48126 (Dearborn) Demographics

27Median Age
4,875Population Density (per sq. mile)
25%College Educated
$30,661 Estimated Median Income
6,930Estimated Total Home Owners
5,928Estimated Total Renters
54% / 46%Estimated Owner / Renter Divide
2Estimated Average Household Size
47,789Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$138,000 Median Sales Price
1 Homes Sold
67 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $949,000
      9/11/2019 5:44:00 PM New in Database Source

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      Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for 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. Copyright 2019 Realcomp II Ltd. Shareholders.