MI > Detroit
Detroit, MI 48235,16217 Greenfield Road
Detroit, MI 48235,16217 Greenfield Road
Detroit, MI 48235,16217 Greenfield Road
5
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$1,600,000
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0.58 Acres Lot
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16217 Greenfield Road Detroit, MI 48235

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Motus Real Estate

Motus Real Estate

+1(248) 270-5999

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Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Detroit City

MLS Listing ID 25014710

Year Built 1962

Annual Tax Amount $34,924

Tax Year 2024

Lot Size 0.584 Acres

Acres 0.58

Lot Dimensions 179 x 142

Property Sub-Type 5+ Units

Property Description

These two multifamily properties offer strong investment potential with diverse rental opportunities. 16217 Greenfield Road features six units across two stories, with an average unit size of 673 square feet and a 67% occupancy rate. The mix of one- and two-bedroom units appeals to various tenants. 16225 Greenfield Road, with 26 units averaging 586 square feet, includes studios, one-bedroom, and two-bedroom units, with rents ranging from $650 to $900. Both properties offer competitive pricing and a variety of unit types, making them ideal for investors seeking to capitalize on the demand for affordable rental housing.

Location

State MI

County Wayne

Area Wayne County - 100

Direction on Greenfield between Hemlock & Florence

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Wall Unit(s)

Fireplaces Number 2

Laundry Laundry Room

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Total Parking Spaces 32

Building

Lot Description Sidewalk

Sewer Public Sewer

Structure Type Brick

New Construction No

Schools

School District Detroit

Others

Tax ID 22050824.

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Hub, LLC

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agent

Motus Real Estate

Broker

+1(248) 270-5999

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