$900,000
$995,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
715 Parker ST Detroit, MI 48214
5 Beds
5,934 SqFt
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 5,934 sqft
Price per Sqft $151
Subdivision Parkers Resub (Plats)
MLS Listing ID 2200037657
Sold Date 11/09/20
Bedrooms 5
Originating Board Realcomp II Ltd
Year Built 1922
Annual Tax Amount $2,723
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 80.00X110.00
Property Description
We are pleased to offer the sale of 715 Parker Street. Located on Parker Street between East Jefferson Avenue and East Lafayette Street in Detroit's highly desirable West Village neighborhood. The property contains a gross square footage of approximately 5,934 SF.The 2-story building has 9 total units, consisting of(5) 1 bedroom units, including a penthouse unit that is 1,296 SF, and (4) studio units.The all brick,Georgian Revival structure was built in 1922 and has the classic historic charm that is present in West Village. Many of the units have been fully renovated in recent years. Each unit has separate HVAC (New 2011), New roof, and electrical 2011. Below market rents allow a future owner to add immediate value. Year 1 Projections: 7.83% Cap.
Location
State MI
County Wayne
Area Det Woodward-Mcclellan/So Mack
Zoning Multi-Family
Direction Google Maps
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Class A
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W17I009147S
Ownership Private Owned,Short Sale - No
Acceptable Financing Cash, Conventional
Rebuilt Year 2011
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with O'Connor Realty