4239 Alter Road
Detroit, MI 48215
- – beds
- 12.12 baths
- 873 sqft
- 3,049 sqft lot
- $229 per sqft
- 1923 build
- – on site
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12 Studio Apartments, approx 4,200+/- SF 2-Story Brick Building located in redeveloping area surrounded by heavy new construction. Professionally managed and receiving $400/mo/unit. Currently at 83% Occupancy. Landlord Costs: $95/mo Gas & Electric, $80/mo Insurance, $300/mo Water, $1,700/yr Taxes. True 11+% ROI, with room for growth. Drive the location to witness the brand new construction development adjacent to the subject property. All appointments to be scheduled through the listing broker. All buyers must be Pre-Qualified with updated Proof of Funds or Pre-Approval Letter within 30 days of showing or offer. Minimum $10,000 EMD required. Contact listing broker direct for additional details.
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Last updated Apr 19, 2024
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MLS# 217090046 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/11/17
Dec 11, 2017
|
Pending | REALCOMP | $200,000 | |
|
12/11/17
Dec 11, 2017
|
Sold | REALCOMP | $200,000 | 0.0% |
|
10/4/17
Oct 4, 2017
|
Listed / Active | REALCOMP | $199,999 |