Redford MI Multi Family for Sale
$950,000
24311 PLYMOUTH Redford, MI 48239
- Type:
- Multi-Family
- Sq.Ft.:
- 4,600
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1948
- Baths:
- 17.00
- MLS#:
- 60347824
- Subdivision:
- DUNNING PARK SUB
ADDITIONAL INFORMATION
This 17 Unit apartment building in Redford MI has had lots of recent updates, but still has tons of potential to add even more value! Snapshot: -17 Units, 16 occupied, 1 vacant (studio) -4 1 bed/1 bath, and 13 studios -1 building with 6 units, 3 single family, 1 unit cottages and 4 duplexes -1/2 acre lot -6,800 SQ Large parking lot paved thats is in good condition -Owner pays all utilities, trash and lawn Heating: Single gas furnace in 6-unit apartment building and gas wall furnace in other units. Cooling: Air conditioner in the main building, tenant optional window units in others. Current owners have renovated 13 of 17 units with new LVP flooring, kitchens, baths, paint, lights, doors, appliances and trim. Exteriors have been repainted in 2023, roofs replaced on 5 of 8 buildings in 2023. New furnaces in units 9 and 10. New hot water tanks in units 1, 12, 14, 15, 16, 17, and 18. Electrical was updated in 2023 with GFCI. Exterior landscaping refreshed and trees removed in 2023. Parking lot seal coated and striped in 2023. New concrete walks in 2022. All financial information attached as pdf, including additional photos. Property is zoned commercial, the city allowed the property to be rent certified. This property is licensed as a rental with the city of Redford. We are looking for experienced multi-family investors for this property.
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Redford Real Estate
The median home value in Redford, MI is $175,000. This is higher than the county median home value of $150,200. The national median home value is $338,100. The average price of homes sold in Redford, MI is $175,000. Approximately 69.88% of Redford homes are owned, compared to 24.36% rented, while 5.76% are vacant. Redford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Redford real estate agent to arrange a tour today!
Redford, Michigan has a population of 53,613. Redford is less family-centric than the surrounding county with 21.82% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Redford, Michigan is $58,815. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Redford is 38.2 years.
Redford Weather
The average high temperature in July is 83.95 degrees, with an average low temperature in January of 17.75 degrees. The average rainfall is approximately 33.9 inches per year, with 34.3 inches of snow per year.