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20231 Kelly Road

Detroit, MI 48225
Square Ft.
6,400
Pending
Multifamily
Property Photo
$469,900
Excellent opportunity to own this fully occupied, well-maintained 8-unit investment property in Northeast Detroit, right on the Harper Woods boarder. Unit mix includes (4) one-bedroom and (4) two-bedroom apartments - fully leased and generating immediate income. Separate electric meters for each unit. Recent updates include roof (2020) and hot water… Read MoreRead Less
Market LogoProvided through IDX through Realcomp II Ltd. Courtesy of @properties Christie's Int'l R.E. Birmingham.
Listing Snapshot
Days Online
24
Last Updated
Property Type
Multifamily
Square Ft.
6,400
Lot Size
0.19 Acres
Year Built
1963
MLS Number
20261011512
30 Days Snapshot Of 48225
$134k
+3%
(avg) sold price
16
+100%
homes sold
111
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved, Private
Basement
Unfinished, Common Storage Locker, Common, Basement?: 1
Building
8 total units, 8 leased units, 4 one-bedroom units, 4 two-bedroom units, Built in 1963, Architectural style: Upper/Lower Apartment, Brick, 6,400 total square feet, 6,400 combined square feet, Unit count: 8
Cooling
Wall Unit(s)
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Baseboard, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size area: 0.19, Lot size dimensions: 90X90
Miscellaneous
Gross scheduled income: $82,200, Income projection: Actual, Monthly rental income: $6,850, Net operating income: $37,573, Operating expense: $44,627
Parking
8 parking spaces
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $13,909, Tax amount (winter): $1,031
Sewer
Sewer (Sewer-Sanitary)
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Ken Brant
REALTOR® | Broker
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Schools In The Area

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Fisher Magnet Lower Academy Telephone N/A Public PK-5
Fisher Magnet Upper Academy Telephone N/A Public 6-8
Denby High School 313-866-7200 Public 9-12
Fisher Magnet Lower Academy Telephone N/A Public PK-5
Fisher Magnet Lower Academy Telephone N/A Public PK-5
Fisher Magnet Upper Academy Telephone N/A Public 6-8
Denby High School 313-866-7200 Public 9-12

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IDX provided courtesy of Realcomp II Ltd., via RCLT Citrus LLC and Kenneth Brant, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

IDX provided courtesy of Realcomp II Ltd., via RCLT Citrus LLC and Kenneth Brant, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

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