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11603 Mitchell
Hamtramck, MI 48212
MLS #5479402

Multi Family
  • 5units
Pending Sale $119,900
Est. P&I payment: $457.94/mo
Description for 11603 Mitchell, Hamtramck, MI 48212
A fantastic money maker in the heart of Hamtramck. 2 - two bedroom units at 800 sq ft, and two one bedroom units at 550 sq ft, and a separate two bedroom building is included that makes the five unit total. Four of five units are rented out with quiet tenants on monthly leases, one unit lived in by owner. So actual income is $1775/mo but conservatively projected at $2275 once all five are rented. Gutted for a remodel in the early 1990's with new roof, exterior siding, electric, plumbing, doors, windows and new drywall put in. Each unit now needs some cosmetic work including paint and some new kitchen & bath flooring. See the very conservative ROI calculations.
MLS #5479402
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My Notes for MLS #5479402

General Features

  • Type: 1 to 4 Units
  • Est Year Built: 1950
  • Total Above Grade SqFt: 3,315
  • Estimated Acreage: 0.15
  • Total Number of Units: 5
  • Zoning: Residential

Exterior Features

  • Lot Size: 40x165
  • Lot Front: 40
  • Exterior: Wood

Utility Features

  • Water Selection: No Water Selection

Financial Features

  • Sale/Rent: For Sale
  • Total Tax: 2,484
  • Unit 2 Curr. Mo. Rent: 500
  • Unit 3 Curr. Mo. Rent: 375
  • Unit 4 Curr. Mo. Rent: 400
  • Unit 5 Curr. Mo. Rent: 500

Community Features

  • Area: 100-Other MLS Areas
  • City: Hamtramck
  • Subdivision: D W SIMONS' HIGHLAND BLOC

School Features

  • School District: Hamtramck

Miscellaneous Features

  • Manufactured: No


Street View Not Available
Directions to 11603 Mitchell, Hamtramck, MI 48212
Exit I75 At Holbrook, Take Service Dr To Caniff, E
The listing information for 11603 Mitchell, Hamtramck, MI 48212 was graciously provided by our friends at the listing brokerage, RE/MAX First

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P&I Payment $457.94
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Last Updated 04/25/2018 at 7:42am
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