Address
16940 Log Cabin Street, Highland Park, MI
Price
$ 975,000
Property Attributes
  • MLS#24006929
  • TypeMulti-Family
  • CountyWAYNE
  • CityHighland Park
  • AreaHighland Park City
  • NeighborhoodHighland Park City
  • Zip48203
  • Style5+ Units
  • Year Built1923
  • Taxes$ 2400
  • Price$ 975,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description

13-unit apartment complex with private parking, a spacious lot, and a certificate of compliance. With tons of development taking place with the city, this building is strategically situated for investment opportunity. This property offers easy access to jobs and transportation. With 90% occupancy, it ensures a stable income stream from reliable tenants. This property is separately metered granting room for extremely low running expenses. This deal comes with a large lot. The seller is willing to sell the entire LLC to keep expenses low.

Price History
2/10/2024 Listed $975,000

General Features

Sewer Public Sewer
Heating Radiant,Forced Air,Natural Gas
Utilities Public Water Available,Natural Gas Available,Natural Gas Connected,Electric Connected
Roof Other
Construction Materials Brick
Year Built 1923
Tenant Pays Electric,Gas
Property SubType 5+ Units
Tax Year 2023
OwnerPays Electricity,Gas
County Wayne
New Construction No
Property Type Multi-Family
Status Active
Directions VIEW MAP
City Highland Park
High School District Highland Park
Total Units 13
MLS Area Wayne County - 100
Lot Size Square Feet 6098.0
Waterfront Y/N No
Street Name Log Cabin
Land Lease Y/N No
Tax Annual Amount 2400.0
Lease Renewal Y/N No
MLS Area Minor Wayne County - 100
Additional Parcels Y/N No
Rent Control Y/N No
Days on Market 17
Standard Status Active
Tax Assessed Value 109269
MobileHomeRemainsYN No
Legal Description E LOG CABIN 63&64 LOG CABIN HEIGHTS SUB L31 P52 PLATS,W C R 8/171 59.22 X 100
Senior Community None

Interior Features

Basement Full
Total Fireplaces 1
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N Yes
Street Suffix Street
Laundry Features In Basement
Electric On Property Y/N No

Exterior Features

Total Parking 13.0
Lot Size Area 0.14
Number of Buildings 1
Spa No
Lot Dimensions 100x 100
Lot Size Acres 0.14
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 48203

Price
AVG $160K
$980K
Taxes
AVG $1,773
$2,400
Visits
AVG 37
33
Data Provided by Inside Real Estate®
Year Built
AVG 1922
1923