9411 Burt Road









Description
- Units are 2 bed, 1.5 bath - 880 avg. sq feet - Positive cash flow (financials can be provided) - 8% cap rate with more room for rent increase - All units metered separately -Upgrades include newer roof,...Amazing Investment Opportunity, Serious Investors Only, this one won’t last! 5-unit, FULLY OCCUPIED, Townhome style building in one of the hottest rental markets in Detroit. This property has recently upgraded units, as well as $5k worth of upgrades done to the exterior. Highlights of the property:
- Units are 2 bed, 1.5 bath - 880 avg. sq feet - Positive cash flow (financials can be provided) - 8% cap rate with more room for rent increase - All units metered separately -Upgrades include newer roof, hot water tanks and furnaces less than 7 years old. Each unit has its own private basement- Current owner has maintained the building extremely well. PROPERTY APPRAISED OVER CURRENT LIST PRICE, 18 MONTHS AGO with only 66% occupancy
- Listed by Bernard Shamow • Brokerage DRE #6503400283 • EXP RealtyP: (248) 413-9003 C: (248) 413-9003 bernard@thegammoteam.com
- Listed by William Marx • Brokerage DRE #6503400283 • EXP RealtyP: (248) 864-2200 C: (313) 408-2098 William@ShainPark.com
Property Details for 9411 Burt Road
Location
Sold By Reach Realty Group
Building Information for 9411 Burt Road
Payment Calculator
$1,777 per month
30 year fixed, 6.55% Interest
$1,398
$379
$0
Property Information for 9411 Burt Road
- Directions: From I-96, South on Greenfield to W Chicago, Left and follow to Burt Road
- Latitude: 42.364295
- Longitude: -83.246123
- Cross Street: N of Joy/W of Evergreen
- MLS Area Major: Detroit (82001)
- Parcel Number: W22I004002C4
- Tax Amount Summer: $4,074.00
- Tax Amount Winter: $477.00
- Tax Annual Amount: $4,551.00
- Tax Assessed Value: $50,300.00
- Tax Legal Description: S--W CHICAGO 132 THRU 130 ROUGE PARK BLVD SUB L53 P21 PLATS, W C R 22/284 60 X 100.02
- High School District: Detroit
- Parking Features: Paved, Unassigned
- Frontage Length: 60.0
- Lot Size Acres: 0.14
- Lot Size Area: 0.14
- Lot Size Dimensions: 60.00X100.00
- Encroachment: No
- Lot Size Units: Acres
- Road Frontage Feet: 60
- Road Frontage Type: Paved
- Road Surface Type: Paved
- State Equalized Value: 50300.0
- Living Area: 882.0
- Building Area Total: 882.0
- Above Grade Finished Area: 882.0
- Above Grade Finished Area Units: Square Feet
- Below Grade Total Area: 2500.0
- Below Grade Total Area Units: Square Feet
- Class Name: Residential Income
- Living Area Source: Prior Listing
- Living Area Units: Square Feet
- Year Built: 1953
- Construction Materials: Brick
- Foundation Details: Basement, Block
- Levels: Two
- Roof: Asphalt
- Stories Total: 2
- Sewer: Sewer At Street
- Utilities: Cable Available
- Water Source: Public
- Bathrooms Total Notational: 5.0
- Appliances: Gas Water Heater
- Basement: Private, Unfinished
- Has Basement: Yes
- Bathrooms Full: 5
- Bathrooms Total Integer: 5
- Cooling: Window Units
- Has Cooling: Yes
- Heating: Forced Air, Natural Gas
- Has Heating: Yes
- Interior Features: High Speed Internet
- Water Heater Fuel: Natural Gas
- UnitTwoBedNumberOf: 5
- Exterior Features: Lighting, Private Entrance
- Number of Units Leased: 5
- Number of Units Total: 5
- Unit Records: 4
- Gross Scheduled Income: $34,680.00
- Net Operating Income: $19,980.00
- Actual Rent: $600.00
- Total Bathrooms: 1
- Furnished: Unfurnished
- Sq Ft: 700.0
- Type: Two Bedroom
- Total Units: 2.0
- Actual Rent: $415.00
- Total Bathrooms: 1
- Furnished: Unfurnished
- Sq Ft: 700.0
- Type: Two Bedroom
- Total Units: 1.0
- Actual Rent: $625.00
- Total Bathrooms: 1
- Furnished: Unfurnished
- Sq Ft: 882.0
- Type: Two Bedroom
- Total Units: 1.0
- Actual Rent: $650.00
- Total Bathrooms: 1
- Furnished: Unfurnished
- Sq Ft: 882.0
- Type: Two Bedroom
- Total Units: 1.0
- Public GLR Website: Yes
- Monthly Rental Income: $2,890.00
- Existing Lease: Yes
- Pets Allowed: No
- Rent Spree: No
Property History for 9411 Burt Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Aug 12, 2021 | Sold (Public Record) Public Record #1471170663 | $275,000 | — |
| Aug 12, 2021 | Sold Realcomp #2210051060 | $275,000 | — |
| Aug 12, 2021 | Sold MiRealSource #40192498 | $275,000 | — |
| Jul 14, 2021 | Contract Signed Realcomp #2210051060 | — | |
| Jul 13, 2021 | Contract Signed MiRealSource #40192498 | — | |
| Jun 29, 2021 | Listed (Active) Realcomp #2210051060 | $284,900 | — |
| Jun 29, 2021 | Listed (Active) MiRealSource #40192498 | $284,900 | — |
| Jun 28, 2021 | Temporarily Off Market MiRealSource #40157524 | $284,900 | — |
| Jun 28, 2021 | Temporarily Off Market Realcomp #2210020470 | $284,900 | — |
| Jun 18, 2021 | Listed (Active) MiRealSource #40157524 | $299,900 | — |
| Jun 18, 2021 | Listed (Active) Realcomp #2210020470 | $299,900 | — |
| Oct 11, 2019 | Sold Realcomp #58031378391 | $225,000 | — |
| Oct 11, 2019 | Sold MiRealSource #31378391 | $225,000 | — |
| Jul 18, 2019 | Contract Signed Realcomp #58031378391 | — | |
| Jul 17, 2019 | Contract Signed MiRealSource #31378391 | — | |
| Jul 9, 2019 | Listed (Active) MiRealSource #31378391 | $285,000 | — |
| May 1, 2019 | Listed (Active) Realcomp #58031378391 | $285,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 08/12/2021 | Sold (Public Record) Public Record #1471170663 | $275,000 |
| 08/12/2021 | Sold Realcomp #2210051060 | $275,000 |
| 08/12/2021 | Sold MiRealSource #40192498 | $275,000 |
| 07/14/2021 | Contract Signed Realcomp #2210051060 | — |
| 07/13/2021 | Contract Signed MiRealSource #40192498 | — |
| 06/29/2021 | Listed (Active) Realcomp #2210051060 | $284,900 |
| 06/29/2021 | Listed (Active) MiRealSource #40192498 | $284,900 |
| 06/28/2021 | Temporarily Off Market MiRealSource #40157524 | $284,900 |
| 06/28/2021 | Temporarily Off Market Realcomp #2210020470 | $284,900 |
| 06/18/2021 | Listed (Active) MiRealSource #40157524 | $299,900 |
| 06/18/2021 | Listed (Active) Realcomp #2210020470 | $299,900 |
| 10/11/2019 | Sold Realcomp #58031378391 | $225,000 |
| 10/11/2019 | Sold MiRealSource #31378391 | $225,000 |
| 07/18/2019 | Contract Signed Realcomp #58031378391 | — |
| 07/17/2019 | Contract Signed MiRealSource #31378391 | — |
| 07/09/2019 | Listed (Active) MiRealSource #31378391 | $285,000 |
| 05/01/2019 | Listed (Active) Realcomp #58031378391 | $285,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 9411 Burt Road
Schools near 9411 Burt Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 8 | |||
| Public - | PK to 8 | |||
| Public - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Mann Learning Community PublicPK to 5 | ||
Foreign Language Immersion And Cultural Studies PublicPK to 8 | ||
Bates Academy PublicPK to 8 | ||
Dixon Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of EXP Realty
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