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$449,900 (USD)
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Dearborn Area Multifamily

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6022-6028 Appoline Dearborn, MI 48126

Bed
4 Baths
3024 sqft
MLS# 20261045671
6022–6028 APPOLINE PRESENTS A STRONG, FULLY OCCUPIED 4-UNIT MULTIFAMILY OPPORTUNITY IN DEARBORN.? THE PROPERTY CONSISTS OF FOUR SPACIOUS 1-BEDROOM / 1-BATH UNITS, APPROXIMATELY 800 SQUARE FEET EACH, WITH CURRENT GROSS INCOME OF $3,515 PER MONTH.? THE MOST RECENT LEASE WAS SIGNED AT $915 PER MONTH, SHOWING CLEAR RENTAL UPSIDE AS IN-PLACE RENTS REMAIN BELOW MARKET.?
THE BUILDING HAS BENEFITED FROM MEANINGFUL CAPITAL IMPROVEMENTS, INCLUDING HVAC REPLACEMENT WORK BY DETROIT FURNACE IN 2021, MAJOR PLUMBING UPGRADES BY FROST & KRETSCH FROM 2020–2021, NEW FRONT PORCH STEPS AND MASONRY IN 2022, AND EXTERIOR REPAIRS COMPLETED FOR THE CITY OF DEARBORN CERTIFICATE OF OCCUPANCY IN 2020.? APPLIANCES HAVE ALSO BEEN REPLACED AS UNITS TURNED OVER.?
TENANCY IS STABLE, WITH ZERO MOVE-OUTS SINCE 2023.? CURRENT TENANTS AVERAGE APPROXIMATELY FIVE YEARS IN PLACE, WITH THE LONGEST TENANT IN PLACE FOR ABOUT SEVEN YEARS.? THREE OF THE FOUR UNITS ARE CONVENTIONAL MONTH-TO-MONTH TENANCIES, PROVIDING FLEXIBILITY FOR A FUTURE OWNER-OCCUPANT OR INVESTOR.? UNIT 6028 #4 IS A HOUSING-VOUCHER TENANCY WITH APPROXIMATELY $595 OF THE $875 RENT PAID DIRECTLY BY THE HOUSING AUTHORITY AND CONSISTENT PAYMENTS DATING BACK TO 2019.? WITH STABLE OCCUPANCY, DEPENDABLE INCOME, RECENT MAJOR IMPROVEMENTS, AND REAL UPSIDE THROUGH RENTAL GROWTH, THIS IS AN ATTRACTIVE DEARBORN MULTIFAMILY ASSET FOR INVESTORS OR OWNER-OCCUPANTS SEEKING INCOME AND FLEXIBILITY.?
Listing Courtesy of REALCOMP / Listed By: Ali T "Ali" Charara, Century 21 Curran & Oberski
$439,900 (USD)
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Woodhaven Area Residential

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23312 E Fairway Drive Woodhaven, MI 48183

4 Bed
3 Baths
2530 sqft
MLS# 20261044911
Rare find, spacious 2530 sq ft Brick & Stone Colonial located in a Prime Woodhaven neighborhood (Heritage Square Sub). This home has been lovingly maintained by the original owners. Inside you will find an incredibly large Family room featuring a natural wood-burning fireplace (currently set up for gas use, but disconnected). Beautiful landscaping with custom flowerbeds, a rock garden, 2 paver stone patios separated by the elevated wood deck. Additional features include a large kitchen with ample room for an eating space, a formal living room with a bay window, a huge full bathroom upstairs with a garden air tub, and dual sinks. All 4 bedrooms are upstairs, 2 of the bedrooms are absolutely enormous in size, and the other 2 bedrooms are standard size. Many hardwood floors and solid Oak doors throughout. This home has 1 full bath on the upper level, as well as a half bath with a stacked washer/dryer off the primary bedroom, another half bath off of the kitchen on the main floor, and a stand alone shower in the basement. Newer hot water tank. The original laundry area with a laundry tub is functional in the basement. 200 amp electrical service panel and glass block basement windows. Extra wide custom paver brick driveway. This lovely home has a 2 car attached garage, that is sided by a large garden shed. Whole house generator is present but not functional. C/A F/A and electric space supplemental updated 10 years ago. Seller is providing the C of O, and a 1 year American Home Shield warranty. Please see the LOMA letter removing the requirement of flood insurance.
Listing Courtesy of REALCOMP / Listed By: Robert Struk, Century 21 Curran & Oberski