16217 Greenfield Road Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48235
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25014710
Year Built 1962
Annual Tax Amount $34,924
Tax Year 2024
Lot Size 0.584 Acres
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
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
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional