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3737 Scovel Pl 20 Unit Apartment Building $900,000 ($45,000/Unit) Detroit, MI 48208
Executive Summary
Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new furnaces and AC units. Each studio units have new mini-split systems that have heat and AC. The majority of the plumbing stacks have been replaced. The front door has new hinges and locking mechanism, the back door is an all new steel door. The roof was aluminum seal coated in 2016. The hot water tank was replaced for the entire building in 2016. The entire Building has newer windows. All common areas have new LED light fixtures. A new camera system has been installed throughout the entire building and outside.
Property Facts
| Price | $900,000 | Building Class | C |
| Price Per Unit | $45,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 9,260 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1927/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Residential | ||
| Price | $900,000 |
| Price Per Unit | $45,000 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 9,260 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1927/2020 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | R2 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Property Manager on Site
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 530 |
| 1+1 | 10 | - | 650 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 12-009873 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $364,100 |
Property Taxes
Parcel Number
12-009873
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$364,100
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3737 Scovel Pl
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