Homes For Sale: USA Michigan Dearborn 6022-6028 Appoline
SWIPE FOR MORE IMAGES

$449,900 USD

6022-6028 Appoline
Dearborn, Michigan 48126
USA
280.93 m2 :: 3,024 sqft
4 full baths
Residential For Sale, Multi-Family Home
Sale price per sqm: 1,601.42
Tax: 6,425 USD
CENTURY 21 Curran & Oberski
25636 Ford Road
Dearborn Heights, Michigan 48127, United States
Phone: 3132747200

Yes, I would like more information from C21. Please use and/or share my information with a C21 Agent to contact me about my real estate needs.

By clicking Contact Office, I agree a C21 Agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.

Remarks:

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.?

Features:

  • Year Built: 1927

Location:

6022-6028 Appoline, Dearborn, Michigan 48126, USA
Listed By CENTURY 21 Curran & Oberski

The Residential For Sale, Multi-Family Home located at 6022-6028 Appoline, Dearborn, Michigan 48126, USA is currently for sale. 6022-6028 Appoline, Dearborn, Michigan 48126, USA is listed for $449,900 USD. This property has 4 full baths and 3,024 sqft. If the property located at 6022-6028 Appoline, Dearborn, Michigan 48126, USA isn't what you're looking for, search Michigan Real Estate to see other Homes For Sale in Dearborn.

Large Photo