203 Chandler Street

North End
$1,395,000
9,492 Square Feet Built In 1924

Fully occupied 14-unit apartment building in a great location. Stable, long-term tenants allow for an investor to achieve immediate cash flow. Unfinished attics may be finished for possible additional living space. Neighboring parcel 219 Chandler, currently used for parking, is included in this transaction. Many recent improvements including: new roof with transferable warranty; new fascia board; new commercial gutters; new siding on dormers; new dormer windows; and some new water heaters. Most gas/electricity is individually metered and billed directly to tenants. Close proximity to public transportation, including the M1 Rail. 1st floor units all have separate, private basements. 2nd floor units have unfinished attics. This was originally 7 townhouses that were split into 1st and 2nd floor units.

 

Brandon Lee
248 470 7114
brandon@oconnordetroit.com