4 Unit Apartment in Detroit Fully Leased $2000/month Zestimate $160,500 / Cyberhomes.com $155,000 RENOVATED Start Price USD 80,000.00 Current Price USD 80,000.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Wednesday, November 19, 2008 End Time Friday, December 19, 2008 Location Detroit, Michigan See more about '4 Unit Apartment in Detroit Fully Leased $2000/month' Description This is a renovated 4 Unit Apartment building on Detroit's west side, 1 mile from the suburb of Dearborn, Michigan. All units are one bedrooms, leased for $500/month. All tenants have signd a 1 year lease agreement, the earliest ending September 09' Each tenant is responsible for their own electricity payments. The owner pays gas (hot water tank) water bill, and house lights. My most current gas and electric bill was $151 (30 days) and the most current water bill was $50 (30 days). All units have electric wall furnaces in bedrooms, electric through the wall air/heat units in the living rooms, and electric stoves and fridges.There are 2 storage facilities on the first level. And no, there is no basement!!  Property Taxes: $3,300/year including trash fee.  Condition: All units have new commerical carpet w/ 8lbs. padding, new counter tops, ceramic floors and walls in bathrooms,commercial vinyl tile flooring in kitchens/dinning area, veritcal & horizontal blinds, newly painted neutral walls, brand new 75 gallon hot warranty tank, new main drain, all new plumbing inside, some new electrical, all units have circuit breakers.  The electric heat/air units are brand new, purchased from Grianger. They have a 3 year extended warranty from Grainger plus the manufactuers 3 year warranty, totaling 6 year warranty fix or replace. The 75 gallon hot water tank has a 5 year warranty from GE.  At the close of bidding, there will be a non-refundable $3,500.00 certified funds earnest deposit due within 48 hours. This deposit will need to be overnighted. The property is free of any leans and emcumbrances, and owned free and clear. I also have the title policy. The remaining funds, which must be certified, are due within 2 weeks of the closing bid. The property will be QUIT CLAIM DEEDED within 24hrs. of full payment. The Deed along with lease greements, warranties, & $800 (tenants security deposits $200 each) will be overnighted within 24hrs. of filling. This is a AS IS SALE.  Please do yourself due diligence. *BONUS* I WILL MANAGE THE BUILDING FOR 30 DAYS AFTER CLOSING FOR FREE AND ASSIST YOU WITH FINDING A REPUTABLE MANANGEMENT COMPANY!!!! Please email me with any and all questions, and for more pictures. *Seller reserves the right to withdraw this listing anytime, without notice* Serious Buyers Only! Place a Bid!