3737 Scovel Place Detroit, MI 48208
- Added:
- Jun 7, 2024
- Days on Market:
- 701
- Last Refresh:
- May 8 at 8:06 am
Property Features for 3737 Scovel Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 1
- Rooms
- Basement, Bedroom 1, Bathroom 1, Bathroom 2
- Parking
- 12
- Basement
- Full
- Standard status
- Active
- APN
- 12009873.
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- S SCOVEL PLACE 5 E 1/2 4 MC LAUGHLINS SUB L22 P53 PLATS, W C R 12/106 45 X 140.18
- Tax Annual Amount
- 12844
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Radiant
Building Details
- Year built
- 1927
- Number of units
- 20
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Ryan Heward (248) 251-4670
Listing office Golden Key Real Estate LLC 305 E Maple Road, Troy, MI (313) 638-2474
Listing date Jun 7, 2024
MLS# 24029554
Listing URL
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HighLights
- Newly updated 20‑unit apartment building with leases in place, providing immediate rental income.
- Convenient location: less than 10 minutes to downtown and 5 minutes to midtown.
- All units are separately metered for electric, with tenants paying their own electric bills.
- Rental certified and passed lead inspection by the city of Detroit.
- New camera system installed throughout the entire building and outside.
- Ample parking in an attached concrete lot.
Overview
Updated Apartment Building Investment Opportunity
This is an investment opportunity featuring a newly updated 20-unit apartment building with leases in place. The property is conveniently located less than 10 minutes from downtown Detroit and just 5 minutes from midtown. Ample parking is available in an attached concrete lot directly next to the building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. The unit mix consists of 10 one-bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors are equipped with steel doors with keyless/digital entry as well as deadbolt locks. Each unit is separately metered for electricity, and tenants pay their own electric bills. All one-bedroom units have new furnaces and AC units. Each studio unit has new mini-split systems that have heat and AC. The majority of the plumbing stacks have been replaced. The front door has new hinges and a locking mechanism, and the back door is an all-new steel door. The roof was aluminum seal coated in 2016, and the hot water tank for the entire building was replaced in 2016. The entire building has newer windows. All common areas have new LED light fixtures. A new camera system has been installed throughout the building and outside. The lot size is 0.15 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.107343
- Latitude
- 42.353736
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Newly updated 20-unit apartment building near downtown Detroit.
Where is this apartment building located?
The property is located at 3737 Scovel Place Detroit, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Newly updated 20‑unit apartment building with leases in place, providing immediate rental income.; Convenient location: less than 10 minutes to downtown and 5 minutes to midtown.; All units are separately metered for electric, with tenants paying their own electric bills.
