$38,000
$49,900
23.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
2,750 SqFt
SOLD DATE : 08/25/2023
Key Details
Sold Price $38,000
Property Type Multi-Family
Sub Type Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,750 sqft
Price per Sqft $13
Subdivision Linwood Heights (Plats)
MLS Listing ID 20230040932
Sold Date 08/25/23
Style Upper/Lower Apartment
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1925
Annual Tax Amount $1,629
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 121.00
Property Description
**INVESTORS** This massive brick 2-family property is your chance to get into the up-n-coming Dexter-Linwood neighborhood for under 50K! The property features 2 units that each have a huge living room, dining room, 3 generous bedrooms, a full bathroom, a kitchen, and a breakfast nook, as well as a huge shared basement. The property does require a full rehab, but the hardwood floors are potentially salvageable and the structure of the property appears to be sound. With rents going for between $900-1,100/month per unit and comparable sales in the 180-200K range, there is plenty of opportunity for you to turn this into a cash-flow machine! The property is located on the first block east of Dexter, which has a streetscape renovation planned out and will begin construction in the near future, with plans to demolish blighted buildings, improve the streetscape, and encourage new businesses to move in!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Residential
Direction From Dexter turn East onto Cortland
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Hot Water
Heat Source Natural Gas
Exterior
Pool No
Roof Type Asphalt
Porch Porch - Covered, Porch
Road Frontage Paved, Pub. Sidewalk
Garage 1
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Architectural Style Upper/Lower Apartment
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W12I003828S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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