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1408 Lee Place

Detroit, MI 48206
Square Ft.
19,686
Active
Multifamily
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$399,000
*OPPORTUNITY!* 29 unit apartment building (15 one bedroom units and 14 two bedroom units) in strategic corner location in the Herman Kiefer sub just south of Boston Edison. Huge opportunity to bring this apartment building back to its former glory! Bring all offers and act fast! Clear title with warranty… Read MoreRead Less
Provided through IDX through Realcomp II Ltd. Courtesy of Realtyflo Inc, (313) 466-7253.
Listing Snapshot
Days Online
27
Last Updated
Property Type
Multifamily
Square Ft.
19,686
Lot Size
0.21 Acres
Year Built
1924
MLS Number
20261020942
30 Days Snapshot Of 48206
$72k
-29%
(avg) sold price
20
+33%
homes sold
87
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
29 total units, 15 one-bedroom units, 14 two-bedroom units, Built in 1924, Architectural style: Art Deco, Brick, 19,686 total square feet, 19,686 combined square feet, 4,000 total basement square feet, Unit count: 29
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.21, Lot size dimensions: 96.66X95.77
Miscellaneous
Gross scheduled income: $417,600, Income projection: Projected, Monthly rental income: $34,800, Net operating income: $337,600, Operating expense: $80,000
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $804, Tax amount (winter): $1,457
Sewer
Sewer (Sewer-Sanitary)
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Monthly Payment
$0
Jim Agemy
Realtor
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Schools In The Area

Check out nearby schools with ratings and contact info.
Thirkell Elementary-Middle School 313-596-0990 Public KG-8
Northwestern High School 313-596-0700 Public 9-12
Thirkell Elementary-Middle School 313-596-0990 Public KG-8
Thirkell Elementary-Middle School 313-596-0990 Public KG-8
Thirkell Elementary-Middle School 313-596-0990 Public KG-8
Northwestern High School 313-596-0700 Public 9-12

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IDX provided courtesy of Realcomp II Ltd., via EXP Realty Shelby Twp and Kimberly Agemy, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

IDX provided courtesy of Realcomp II Ltd., via EXP Realty Shelby Twp and Kimberly Agemy, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

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