20520 Plymouth Road, Detroit, Michigan
$1,450,000
12,910
Square feet
0.42
Acres
About 20520 Plymouth Road
This property combines strong in-place income with the opportunity to increase value through lease-up and future rental growth. Its recent renovations significantly reduce near-term capital expenditure concerns, making it an excellent addition to any investment portfolio. Whether you're expanding your multifamily holdings or completing a 1031 exchange, this is an opportunity worth a closer look. Complete renovation 2024, new roof 2019. Immediate cash flow. Around a 7% cap currently.
Features of 20520 Plymouth Road
| MLS® # | 20261080985 |
|---|---|
| Price | $1,450,000 |
| Bathrooms | 0.00 |
| Square Footage | 12,910 |
| Acres | 0.42 |
| Year Built | 1967 |
| Type | Commercial Sale |
| Sub-Type | Real Estate Only |
| Status | Active |
Community Information
| Address | 20520 Plymouth Road |
|---|---|
| Area | 05034 - Det: Joy-Schoolcraft Grnfld-Limits |
| Subdivision | MORE THAN ONE LEGAL INVOLVED |
| City | Detroit |
| County | Wayne |
| State | Michigan |
| Zip Code | 48228 |
Amenities
| Parking | Parking Lot, On Site, Secured |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Construction | Brick |
|---|---|
| Foundation | Basement, Block |
School Information
| District | Detroit |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Team 2000 |
|---|---|
| Contact Info | mayoubremax@yahoo.com |