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   17
For Sale property id: 78143595
USD 699,000
16940 Log Cabin Street, McNichols, Detroit, Michigan, United States
  • 13 bedrooms
  • 13 bathrooms
  • 806.02677504 m²
  • Completion Year
    1923

Description

13-Unit Apartment Building - Turnkey Investment Opportunity - One-bedroom units, many featuring original hardwood floors. Newer roof and boiler, current Certificate of Compliance. Coin operated laundry in basement. Tenants enjoy secure gated parking, well-kept common areas, and a spacious green lot for added outdoor space. Ideally located near public transit. Less than 10 minutes to Downtown, Ferndale, and the 8 Mile/Woodward corridor - home to major retailers, gyms, restaurants, and grocery stores. This is a smart, low-maintenance asset ready to perform, with additional upside. Comes with adjacent two car garage for storage or parking. Detroit property with Highland Park mailing address. Ideal for the city of Detroit PILOT program (payment in lieu of taxes) to reduce tax bill and create workforce housing. This listing includes additional parcels 16920 Log Cabin #08009542 and 16930 Log Cabin #08009543. ** Do not disturb tenants**

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