• For Sale
  • Multi Family · 15 Units

255 Merton Rd Detroit, MI 48203 Get directions

$1,000,000 $55/Sq. ft.
30 Beds 30 Baths 18,096 Sq. ft. 16,988 Sq. ft. Lot
  • Age 67 Years
  • MLS# 219005705
  • Listed 1 Month 5 Days Ago

Overview

FINANCING IN PLACE-JUST BRING A BUYER ready to put 20-30% downCAP 7.6%255-265 Merton Highland Park MI 4820315 unit in Palmer Park18, 066 sq ftAll units are 2BR/2BA and +1, 000sqftOne gas, one water meter (Landlord pays Water and Gas)Tenants pay electricMeticulously Maintained15 parking spaces in rear

Features

Bathrooms

  • Total Bathrooms: 30 / 0
  • Full Bathrooms: 30

Bedrooms

  • Bedrooms: 30

Interior Features

  • Cable Available

Heating and Cooling

  • Heating Features: Baseboard

Other Rooms

  • Basement Description: Common

Land Info

  • Lot Size Acres: 0.39
  • Lot Size Dimensions: 140.00X120.00

Exterior and Lot Features

  • Road Frontage Type: Paved
  • Lot Size Square Feet: 16988

Multi-Unit Info

  • Number of Units: 15

Rental Info

  • Gross Scheduled Income: 126600.00

School Information

  • School District: Detroit

Other Property Info

  • Annual Tax Amount: 15207
  • MLS Listing Status: Active
  • County: Wayne
  • Directions: N seven mile W woodward
  • Datasource Property Type: Multifamily
  • Area: Det 6-8 Grfld-Dequindre
  • MLS Neighborhood: MERRILL PALMER (ALSO PG 55 )
  • Ownership Type: Private Owned, Short Sale - No
  • Parcel Number: W02I002544C5
  • Postal Code Plus 4: 2267
  • Subdivision: MERRILL PALMER (ALSO PG 55 )
  • Zoning: Commercial
  • Source System Name: C2C

Commercial Info

  • Net Operating Income: 76811.00

Building and Construction

  • Square Feet Living: 18096
  • Year Built: 1952
  • Construction Materials: Brick
  • Foundation Details: Basement
  • Property Age: 67
  • House Style: Common Entry Building
  • Total Below Grade Area: 9043

Utilities

  • Sewer: Sewer-Sanitary
  • Water Source: Municipal Water

Nearby Schools

Rating School Grades Distance
1 George Washington Carver Elementary School K-4 0.9 mi
3 George Washington Carver Middle School 5-8 0.9 mi
NA Ace Academy - Woodward Place School 9-12 0 mi
NA St. Benedict Private School PK-8 0.4 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 255 Merton Rd

Property Price

Date Event Price Price / Sq ft Source
2019-01-26 Relisted $1,000,000 $55 Realcomp
2019-01-24 Listing removed $0 Realcomp
2019-01-16 Listed $1,000,000 $55 Realcomp

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.