$175,000
$175,000
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4 Beds
3.5 Baths
3,130 SqFt
SOLD DATE : 10/10/2022
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,130 sqft
Price per Sqft $55
Subdivision Bungalo Grove Sub (Plats)
MLS Listing ID 20221000556
Sold Date 10/10/22
Style Quadruplex
Bedrooms 4
Full Baths 3
Half Baths 1
Originating Board Realcomp II Ltd
Year Built 1925
Annual Tax Amount $1,668
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 44.00 x 92.00
Property Description
PRICE REDUCED TO $175,000. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2675 WEST BUENA VISTA NESTLED ON A 3,990 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX CONSISTS OF 4 RECENTLY REMODELED 1 BED ROOM UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THE UNITS ARE ALL LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE PAID BY SECTION 8 AS FOLLOWS: $985, $905, $905, $905 TOTALING $3,700. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 25% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $200 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction W Linwood
Rooms
Basement Interior Entry (Interior Access), Unfinished
Interior
Heating Hot Water
Fireplace no
Heat Source Natural Gas, Wood
Exterior
Road Frontage Private
Garage no
Building
Foundation Slab, Basement, Michigan Basement
Sewer Sewer at Street
Water Water at Street
Architectural Style Quadruplex
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W10I004028S
Ownership Bank Owned,Short Sale - No
Assessment Amount $340
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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