Address
1415 Glynn Court Detroit, MI
Price
$ 2,825,000
Property Attributes
  • ML#2200067376
  • TypePending
  • CountyWAYNE
  • CityDetroit
  • AreaDet - Livernois-I75 6-Gd River
  • NeighborhoodMORE THAN ONE LEGAL INVOLVED
  • Zip48206
  • StyleApartments
  • Year Built1928
  • Taxes37561
  • Price$ 2,825,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage57324
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
O'Connor Realty
Property Description

1415 Glynn Court is a 4 story multi-family building made up of 51 units and contains a well-balanced unit mix of (9) Studio units, (33) 1 Bedroom units, and (9) 2 Bedroom units. The units have maintained many historic details such as original hardwood floors, archways connecting rooms, and original bathrooms that are in line with Detroit's design-driven rental market. This value add opportunity is being offered in a transition stage and current rents do not reflect the potential performance of a redevelopment. Excellent opportunity to upgrade to market tenants and lower operating expenses. Building Hightlights: Ready for Redevelopment, Possibility of Condo Exit Strategy, $49 Price /SF, 28,314 SF Total Land Area. Property tours will begin Thursday, September 3rd from Noon - 2:00 PM

Price History
8/19/2020 Listed $2,825,000

General Features

Commercial Type Apartments
Construction Materials Brick
Cumulative Days on Market 110
Current Use Apartments
Gross Scheduled Income 586800.00
Heating Radiant
Listing Agent Public Id 387170
Net Operating Income 368772.00
Operating Expense 218028.00
Originating MLS Realcomp II Ltd
Ownership Status Private Owned, Short Sale - No
Parcel Number W06I002654C6
Possession At Close
Property Type Commercial
School District Detroit
Sewer Sewer-Sanitary
Short Sale No
Status Pending
Subdivision Name MORE THAN ONE LEGAL INVOLVED
Terms Offered Cash, Conventional
Total Sq Ft 57324
Transaction Type Sale
Year Built 1928
Zoning Multi-Family, Residential

Interior Features

Heating Fuel Natural Gas
Total Units 51

Exterior Features

Architecture Level 4-10 Story
Foundation Basement
Foundation Materials Block
Frontage Feet 120
Lot Size Area 0.33
Lot Size Dimensions 120.00X119.00
Water Source Municipal Water

Amenities

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


IDX provided courtesy of Realcomp II Ltd., via Brookstone Realtors and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of January 24, 2021 6:35 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48206

Price
AVG $130K
$2.83M
Taxes
AVG $1,942
$37,561
Visits
AVG 15
132
Year Built
AVG 1920
1928
Walkscore
AVG 52
37
Data Provided by Walkscore ® not using MLS data

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