About 16940 Log Cabin Street
13-unit apartment complex with private parking, a spacious lot, and a certificate of compliance. With tons of development taking place with the city, this building is strategically situated for investment opportunity. This property offers easy access to jobs and transportation. With 90% occupancy, it ensures a stable income stream from reliable tenants. This property is separately metered granting room for extremely low running expenses. This deal comes with a large lot. The seller is willing to sell the entire LLC to keep expenses low.
Features of 16940 Log Cabin Street
| MLS® # | 24006929 |
|---|---|
| Price | $975,000 |
| Bathrooms | 0.00 |
| Acres | 0.14 |
| Year Built | 1923 |
| Type | Multi-Family |
| Sub-Type | 5+ Units |
| Status | Active |
Community Information
| Address | 16940 Log Cabin Street |
|---|---|
| Area | Wayne County - 100 |
| City | Highland Park |
| County | Wayne |
| State | MI |
| Zip Code | 48203 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Radiant, Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
| # of Fireplaces | 1 |
Exterior
| Roof | Other |
|---|
School Information
| District | Highland Park |
|---|
Additional Information
| Legal | E LOG CABIN 63&64 LOG CABIN HEIGHTS SUB L31 P52 PLATS, W C R 8/171 59.22 X 100 |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
Financial Details
| Annual Property Tax | $2,400 |
|---|---|
| Tax ID # | 08009544. |
| Taxable Value | 109269.00 |
Listing Details
| Agent | Daniel Richardson |
|---|---|
| Office | BELE Realty Inc |