$560,000
$695,900
19.5%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
8.5 Baths
5,150 SqFt
SOLD DATE : 02/15/2023
Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Colonial,Historic
Listing Status Sold
Purchase Type For Sale
Square Footage 5,150 sqft
Price per Sqft $108
Subdivision Peerless Addition No 2
MLS Listing ID 20221041857
Sold Date 02/15/23
Style Colonial,Historic
Bedrooms 6
Full Baths 8
Half Baths 1
Originating Board Realcomp II Ltd
Year Built 1911
Annual Tax Amount $9,175
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 50.00 x 163.00
Property Description
This is a one-of-a-kind investment opportunity to get your hands on a historical income-producing piece of Detroit real estate. This Colonial style seven-unit apartment is perfect for those looking to house hack or bring in passive income. This 2-story apartment has various apartment size options, including 3 bedroom, 2 bedroom, 1 bedroom and studio units. Many of the units have fresh paint, newer carpet, and/or hardwood floors, as well as appliances. In addition, there are communal on-site laundry facilities and a storage room. When updating the spaces, the current and prior owners made it a point to leave plenty of the historical home’s natural charm to maintain the trendy Detroit vibe. Conveniently located in a quiet neighborhood, Virginia Lofts is within walking distance to plenty of restaurants, bars, and entertainment venues and just a hop and skip to the QLine. This cash cow investment property can be yours today!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction West Grand Blvd, North On Second Avenue And Then Left Onto Virginia Park
Rooms
Basement Partially Finished, Common Storage Locker, Common
Interior
Heating Hot Water
Cooling Central Air
Heat Source Natural Gas
Exterior
Pool No
Road Frontage Paved
Garage 1
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial, Historic
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W04I001914S
Ownership Short Sale - No,Private Owned
Assessment Amount $1,450
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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