26281 Wolverine St
Madison Heights, MI 48071
Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Building Size | 5,658 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1940/1961 |
| Building Class | C | Parking Ratio | 2.65/1,000 SF |
| Lot Size | 0.71 AC | ||
| Zoning | R3, Madison Heights | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 5,658 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/1961 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | R3, Madison Heights |
About 26281 WOLVERINE ST , MADISON HEIGHTS, MI 48071
PROPERTY: Wolverine Apartments is a well-maintained set of two brick buildings, consisting of nine apartments in a quiet residential setting. The front building is former house converted into a three-unit building. The rear building is a traditional apartment building with six units. The unit mix is made up of four one-bedroom units (550 ft.²), and five two-bedroom units (825 ft.²). Wolverine Apartments was built in 1940 for the house and 1961 for the apartments with a poured concrete and block foundation. Recent capital improvements include: a new parking lot, new insulation in both buildings, a new roof on the back half of the house, a high efficiency forced-air furnace and hot-water tank in the front building, a high efficiency boiler, new vinyl windows and glass-block windows in the rear building. All recent apartment turns are freshly painted with new flooring. The HVAC is outfitted with Landlord-paid gas, hot water baseboard heat and water; and separately-metered, tenant-paid electricity. Amenities include private patios.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $573.00 | 550 |
| 2+1 | 5 | $702.00 | 780 |
Property Taxes
| Parcel Number | 25-24-178-056 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $202,430 |
Property Taxes
