3550 Montclair St Detroit, MI 48214
Updated 16-unit apartment building near Chrysler/Stellantis plant.
Lot size:
0.23 AcresProperty Features for 3550 Montclair St
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.23 Acres
Building Details
- Year built
- 1925
Source:
Elliman
Listing Agency: RE/MAX Leading Edge Listing Agent: Ryan E Kain
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Updated 16-Unit Apartment Building
This 16-unit brick apartment building presents an investment opportunity. Seven of the sixteen units are currently occupied. Significant updates were completed in 2022, including new windows, a new roof, two new boilers and hot water tanks, and some updated electrical and plumbing systems. Five of the sixteen units have been completely remodeled with updated kitchens and bathrooms, while the remaining eleven units have undergone rental turnovers. The front half of the basement has space to add four units and has been gutted in preparation for the new owner to begin the work. Each unit has separate electricity and cooking gas meters, while the owner is responsible for heating, common area electricity, and water. The property is located a few blocks away from the new Chrysler/Stellantis auto manufacturing plant, which is expected to have a positive economic impact on the surrounding areas.
Location Intelligence
Current Use by Public Records
3550 Montclair LLC
Business Management Consultant
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9831996
- Latitude
- 42.376224
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Updated 16-unit apartment building near Chrysler/Stellantis plant.
Where is this apartment building located?
The property is located at 3550 Montclair St Detroit, MI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: - Updated 16-unit brick apartment building, a great addition to any portfolio.; - Value-add opportunity: **Basement space ready for 4 more units!**; - Significant updates completed in 2022: new windows, roof, 2 new boilers and HWTs, updated electrical and plumbing.
