About 16810 Baylis Street
Fully updated and income-producing 5-unit apartment building, offering a strong opportunity for investors. Each unit is currently occupied by reliable tenants, all of whom have been in place for approximately three years and wish to stay. All leases are month-to-month, leaving flexibility for the new owner. Recent upgrades include energy-efficient appliances, a new furnace, and a new hot water tank. No major repairs are needed. Approximately 15 years remain on the tax abatement. Located near expressways, just 15 minutes from downtown Detroit and 20 minutes from Detroit Metro Airport. Great 8.5% cap rate in an up-and-coming Detroit neighborhood.
Features of 16810 Baylis Street
| MLS® # | 20251015492 |
|---|---|
| Price | $499,999 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 7,996 |
| Acres | 0.17 |
| Year Built | 1927 |
| Type | Multifamily |
| Sub-Type | Common Entry Building |
| Style | Common Entry Building |
| Status | Active |
Community Information
| Address | 16810 Baylis Street |
|---|---|
| Area | 05043 - Det: Livernois-I75 6-Gd River |
| Subdivision | NAGELS GOLF CLUB |
| City | Detroit city |
| County | Wayne |
| State | Michigan |
| Zip Code | 48221 |
Amenities
| Parking | Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| 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 | EXP Z Real Estate |
|---|---|
| Contact Info | chad@soldbymarkz.com |