James Addison - Coldwell Banker Weir Manuel
631 Merton Road
Detroit, MI 48203

$1,800,000

Description

Come one come all! Here is the perfect opportunity to own property in an up and coming part of the city. Presenting the Merton Place Apartments. 28 one bedroom units and 8 two bedroom units available. New roof, newer furnaces and over 1/2 of the apartments have been updated in the last 2 years. Located just a stones throw from Palmer Park and the golf course community. Easy access to Woodward and transportation. Just 15 minutes from downtown and a mere 5 to 10 minutes from the northern suburbs. Most of the units are rented. The vacant ones are in the process of being renovated. This will be a solid investment for any savvy entrepreneur. Properties like this one don't come available too often over here so call for your appointment today! 24 hour notice to show. All showings must be accompanied by a licensed realtor. No exceptions!

Details

MLS#218114404
Sub-TypeResale
StatusActive
Year1944
Days On Site48

Features

SQ Feet26,150
Units2
Building(s)1

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48203
AreaDet 6-8 Grfld-Dequindre
Listing VS Median (in 48203)
Price:
$1,800,000
low | high
Med:
$34,900
100% of Average
SqFt:
26,150
low | high
Med:
2,040
100% of Average
$ / SqFt:
$69
low | high
Med:
$17
100% of Average
On Site:
48
low | high
Med:
78
61.538461538462% of Average
Listing Updated: 01/16/2019
MLS Number: 218114404
Listing Provided By:
Gene Kelley  of  Real Estate One-Southfield
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