$250,000
$249,900
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4 Beds
4,356 Sqft Lot
SOLD DATE : 09/17/2024
Key Details
Sold Price $250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 81024040304
Sold Date 09/17/24
Bedrooms 4
Originating Board Greater Metropolitan Association of REALTORS®
Year Built 1927
Annual Tax Amount $8,905
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 49x88x48x93
Property Description
Outstanding Investment Opportunity in Ecorse, Michigan! This well-maintained FOUR-UNIT multifamily features a spacious Two-bedroom w/ One-full bath_ ( EACH UNIT IS THE SAME) . With long-term, reliable tenants already in place, this property ensures stable income and minimal turnover. Boasting an impressive 15% return on investment cap rate, this is a prime chance to enhance your portfolio. Located in the vibrant city of Ecorse, this FOUR-UNIT combines profitability with peace of mind. Property is situated just a couple blocks west of Detroit-River. ..........................DO NOT DISTRUB TENANTS.
Location
State MI
County Wayne
Area Ecorse
Direction South Coolidge Hwy \ East of Jefferson Ave.
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Roof Type Other
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal), Water at Street
Structure Type Brick,Vinyl
Schools
School District River Rouge
Others
Pets Allowed Yes
Tax ID 34004070045001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Brikho Properties
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