Homes for sale - 2255 Webb Street, Detroit, MI 48206

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Russell J Cataldo

LPT Realty, LLC

rcataldo@cataldogroup.com +1(734) 309-8008

$ 5,975,000

Est. payment | -/mo

156 Baths

150,689 SqFt

Save

$ 5,975,000

Est. payment | -/mo

Save

156 Baths

150,689 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 150,689 sqft

Price per Sqft $39

Subdivision Oakman & Stoll

MLS Listing ID 58050172514

Full Baths 156

Year Built 1948

Annual Tax Amount $186,732

Lot Size 4.870 Acres

Acres 4.87

Lot Dimensions 212137

Source MiRealSource

Property Description

BACK ON THE MARKET DUE TO BUYER NOT HAVING FUNDS TO CLOSE AT CLOSING. PRICE REDUCED TO SELL!! CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 60% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. Most of the windows have been updated to vinyl. Half the complex is boiler heat and the other half has furnaces in each unit. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down. Serious buyers only please!

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Interior

Heating Forced Air, Separate Meters, Steam

Fireplace no

Heat Source Natural Gas

Exterior

Garage no

Private Pool No

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 2 Story

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID 08003410002L

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Justin Zehel of Keller Williams Paint Creek

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(734) 309-8008

rcataldo@cataldogroup.com

Learn More About LPT Realty