18037 Pelkey Street DetroitCity, Michigan 48205
- $575,000
Overview
- Commercial Sale
- 0
- 5364 sqft
Description
LOCATED 8 MINUTES FROM THE INFAMOUS EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18037 PELKEY NESTLED ON A 5,364 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 10 RECENTLY REMODELED 1 BED ROOM UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. 10 OF THE 10 UNITS ARE LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE JUST UNDER $10,000 PER MONTH. THE TENANTS PAY ALL UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN OVER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER’S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Address
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Address: 18037 Pelkey Street DetroitCity, Michigan 48205
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Zip/Postal Code: 48205
Details
Updated on August 15, 2025 at 7:01 am-
Property ID 20251008703
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Price $575,000
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Property Size 5364 sqft
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Garage 0
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Year Built 1929
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Type Commercial Sale
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Property Status For Sale
Additional details
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Test Test Data
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Lot Size Dimensions 40 x 126
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Lot Size Acres 0.12
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Subdivision Name TROMBLEY PARK
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Road Frontage Type Paved
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Water Source Public
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County or Parish Wayne
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Price Per Sq Ft 107.20
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