$185,000
$209,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
2,250 SqFt
SOLD DATE : 06/30/2023
Key Details
Sold Price $185,000
Property Type Multi-Family
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $82
Subdivision Elmwood Park Sub
MLS Listing ID 20230037727
Sold Date 06/30/23
Style Ranch
Bedrooms 3
Full Baths 3
Originating Board Realcomp II Ltd
Year Built 1938
Annual Tax Amount $2,917
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 55 x 105
Property Description
This great property presents an exceptional investment opportunity. Consisting of three individual units, each with one bedroom and one bath, this property offers both functionality and privacy. Each unit boasts a private entrance and a charming porch, providing a welcoming and personal touch for residents.
The convenience of having laundry hookups in each unit ensures a comfortable living experience for tenants. Additionally, the property offers the advantage of private basements for each unit, allowing for ample storage space, while also providing shared access to an outdoor shed, catering to residents' various storage needs.
Water is included, alleviating a common concern for tenants and simplifying the rental process. Furthermore, all units are currently tenant occupied, ensuring immediate rental income for potential investors.
The property features several noteworthy updates, including a new roof in 2009, adding both durability and value to the investment. In 2012, new gutters were installed, further enhancing the property's maintenance and appeal. Notably, all porches, complete with steps, were renewed in 2001, offering a fresh and inviting atmosphere.
This investment property holds immense potential for both seasoned investors and newcomers to the real estate market.
Location
State MI
County Wayne
Area Lincoln Park
Zoning Multi-Family
Direction N of Southfield and East of Fort
Rooms
Basement Unfinished, Private
Interior
Interior Features Laundry Facility
Hot Water Natural Gas
Heating Forced Air
Cooling Wall Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Private Entry
Garage Spaces 3.0
Roof Type Asphalt
Porch Porch
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Ranch
Level or Stories 1 Story
Structure Type Brick
Schools
School District Lincoln Park
Others
Pets Allowed Yes
Tax ID 45006040133300
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2019
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Century 21 Curran & Oberski
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