$32,000
$37,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,680 SqFt
SOLD DATE : 07/17/2024
Key Details
Sold Price $32,000
Property Type Multi-Family
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $19
Subdivision B E Taylors Southlawn (Plats)
MLS Listing ID 20240032452
Sold Date 07/17/24
Style Bungalow
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1926
Annual Tax Amount $1,049
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40.00 x 100.00
Property Description
***Investor Special*** This recently vacated multi-family unit is an investor's dream. With a competitive price, this property features a 1-bedroom, 1-bathroom unit upstairs and a 2-bedroom, 1-bathroom unit downstairs. Each unit has a sizeable living room, formal dining room, and its own separate entrance and basement access. The property boasts a large, fenced yard and is conveniently located with easy access to downtown Detroit via Grand River Avenue, or to northern Detroit suburbs via quick connections to I-96 and the Lodge Freeways. With some rehabilitation and updates, this could become a profitable multi-unit rental property. Potential rental income could reach up to $2,000/month, with an after-repair value (ARV) of $119k and higher, based on comparable properties in the same block and surrounding areas.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Multi-Family
Direction Wyoming South pass Grand River to Elmira
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Pool No
Waterfront no
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal)
Architectural Style Bungalow
Level or Stories 2 Story
Structure Type Vinyl
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W18I006364S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Grant and Main, LLC
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