$110,000
$125,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
1 Bath
1,960 SqFt
SOLD DATE : 06/21/2023
Key Details
Sold Price $110,000
Property Type Single Family Home
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,960 sqft
Price per Sqft $56
Subdivision East Detroit Development Cos Sub No 2 (Plats)
MLS Listing ID 20230039581
Sold Date 06/21/23
Style Other
Bedrooms 4
Full Baths 1
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1928
Annual Tax Amount $1,966
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 114.00
Property Description
HIGHEST AND BEST TUESDAY AT 5PM. LOCATED 3 MINUTES FROM INFAMOUS EAST ENGLISH VILLAGE, YOU WILL FIND 5601 BUCKINGHAM NESTLED ON A 4,356 SQUARE FOOT LOT IN THE QUIET "MORNINGSIDE" NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOAST 4 FULL BEDROOMS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS A NEWLY INSTALLED FURNACE AND HOT WATER TANK. IN ADDITION, THIS HOME HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT AND PROFESSIONALLY REFINISHED HARDWOOD FLOORS. THIS BEAUTY IS RENTED ON A 2 YEAR LEASE TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1480 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEARLY 22% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Direction BUCKINGHAM AND CHANDLER
Rooms
Basement Unfinished
Interior
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Parking Features Detached
Garage Description 2 Car
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Architectural Style Other
Warranty No
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I069802S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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