17415 Hamilton Avenue

Allen Park City, MI 48101

ONCE IN A BLUE MOON THESE COME AVAILABLE - HIGHLY SOUGHT AFTER 8 UNIT APARTMENT BUILDING IN DESIRABLE ALLEN PARK - ACROSS FROM THE "HILL" AND STONES THROW FROM GUS AND US- WHICH HAS LONG BEEN A SOURCE OF GREAT TENANTS - LONG TERM TENANTS HAVE STAYED - OWNER HAS HAD FRIENDS AND FAMILY OFTEN AS TENANTS AND RENTS HAVE BEEN BELOW MKT VALUE- 5 UNITS CURRENTLY RENTED - ONE AT MKT VALUE - 4 BELOW ON MONTH TO MONTH LEASES -1 UNIT W/ INTENT TO SIGN AT MKT VALUE - THIS PROPERTY HAS BEEN IMPECCABLY MAINTAINED FOR OVER 30 YEARS BY SAME OWNER - AND HE IS PASSING THE TORCH - IT IS A GEM! EACH UNIT IS ONE BEDROOM - ONE BATH - KITCHENS AND BATHS IN VARIOUS FORMS OF UPDATEDNESS -AND A LARGE WALK IN CLOSET IN UNIT FOR STORAGE - COMMON COIN OPERATED LAUNDRY ON SECOND FLOOR - ALL UNITS HAVE STOVE - REFRIGERATOR AND DISHWASHER - ALL UNITS HAVE CENTRAL AIR - FULL PARKING LOT MAINTAINED BY OWNER - OWNER PAYS GAS, WATER AND COMMON AREA ELECTRICITY - TENANT PAYS ELECTRICITY FOR UNIT - HOT WATER HEATER FOR ALL UNITS NEW IN 2019 -PARKING LOT W/ 16 SPACES(2 ARE OBSTRUCTED W/ DUMPSTERS) AND ONE HANDICAP SPOT -NET INCOME IS BASED ON 100% OCCUPANCY AND IT IS NOT AT THIS TIME - NOR IS 4 OF UNITS AT MKT VALUE. THIS IS A COVETED FIND AND HOPES ARE SOMEONE VALUES IT FOR 30+ YEARS AS THIS OWNER - BUT BRING IT ALL ON FOR THE NEW YEAR ! DONOT DISTURB TEANANTS OR KNOCK ON DOORS - ONE UNIT IS AVAIL TO VIEW W/ AGENT ONLY

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