$1,400,000
Active

16225 Greenfield Road

Detroit, MI 48235
Browse 3 photos

Description

These two multifamily properties offer strong investment potential with diverse rental opportunities. 16217 Greenfield Road features six units across two stories, with an average unit size of 673 square feet and a 67% occupancy rate. The mix of one- and two-bedroom units appeals to various tenants. 16225 Greenfield Road, with 26 units averaging 586 square feet, includes studios, one-bedroom, and two-bedroom units, with rents ranging from $650 to $900. Both properties offer competitive pricing and a variety of unit types, making them ideal for investors seeking to capitalize on the demand for affordable rental housing.

  • Property Details
      • Utility FeaturesPhone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
      • Original List Price$1,400,000
      • MLS #25023572
      • Property Subtype5+ Units
      • MLS #25023572
      • School DistrictDetroit
      • Cost1400000
      • CountyWayne
      • Acres0.58
      • BasementFull
      • Year Built1966
      • Days on Market (Cumulative)1

Location

Teresa L Molyneux | TJR RealtyReal Estate Group
OR

Interested in Purchasing 16225 Greenfield Road?

Get an estimate on monthly payments on this property.

$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00