Skip To Content

5061 Lakewood Street

Detroit, MI 48213
  • $999,999
  • STATUS: Active
  • ON SITE: 266 Days
  • ID#: 20240036378
UPDATED: 88 min ago
$999,999
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 17,140
    SQFT
  • $58
    $/SQFT
Type:
Commercial
Built:
1955
County:
Zoning:
Multi-Family,Residential
Lot Size Dimensions:
140.00 x 130.00

School Ratings & Info

School District:

Description

!!!!!Projected net profit of 10-12% or $110,000-120,000 after all expenses!!! Beautifully renovated apartment complex has 20 units. Can be fully rented at closing at the discretion of the buyer. 12 very large 2 bedroom units and 8 comfortable 1 bedroom units. This complex is located in a stable and high demand rental area. Schedule an appointment today. BATVAI. Purchaser to pay a 495 transaction fee at closing.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-02-18T23:56:56.37.
www.prettyhomerealty.com/homes/150995902
Print Image

5061 Lakewood Street Detroit, MI 48213

  • Price: $999,999
  • Status: Active
  • On Site: 266 Days
  • Updated: 88 min ago
  • ID#: 20240036378
0
Beds
0
Baths
0
½ Baths
0.42
Acres
17,140
SQFT
$58
$/SQFT
1955
Built
Neighborhood:
Jefferson Park Land Co Ltd No 1 (Plats)
County:
Wayne
Area:
Det Con-mors/Grat. Hstn/7 Mack
School District:
DETROIT
Property Description
!!!!!Projected net profit of 10-12% or $110,000-120,000 after all expenses!!! Beautifully renovated apartment complex has 20 units. Can be fully rented at closing at the discretion of the buyer. 12 very large 2 bedroom units and 8 comfortable 1 bedroom units. This complex is located in a stable and high demand rental area. Schedule an appointment today. BATVAI. Purchaser to pay a 495 transaction fee at closing.
Exterior Features

Construction Materials Brick Lot Size Dimensions 140.00 x 130.00 Road Frontage Feet 140 Road Frontage Type Paved Waterfront YN No

Interior Features

Sq Ft Main 17140 Unit One Bed Number Of 8 Unit Two Bed Number Of 12

Property Features

Assessment 100.00 Commercial Type Real Estate Only Existing Lease YN No Gross Scheduled Income 0.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Net Operating Income 0.00 Operating Expense 0.00 Ownership Status Short Sale - NoPrivate Owned Possession At Close Postal City Detroit Protection Period 6 months Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 17720.0000 Tax Amount Winter 2156.0000 Title Standard (Private) Total Tax 19876.0000 Unparsed Address 5061 LAKEWOOD Street Water Source Public (Municipal) Zoning Multi-FamilyResidential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Reach Realty Group: (313) 766-4000 and Realcomp, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-02-18T23:56:56.37.
 
https://bt-photos.global.ssl.fastly.net/michigan/orig_boomver_1_608268471-2.jpg https://bt-photos.global.ssl.fastly.net/michigan/orig_boomver_1_608268471-2.jpg https://bt-photos.global.ssl.fastly.net/michigan/orig_boomver_1_608268471-2.jpg
Logo
The Calhoun Team of Pretty Home Realty
261 E Maple
Birmingham MI, 48009