$135,000
$140,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
2,000 SqFt
SOLD DATE : 11/30/2018
Key Details
Sold Price $135,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $67
Subdivision Assr'S In Twp Of Ecorse Block 102
MLS Listing ID 218057594
Sold Date 11/30/18
Style Duplex
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1905
Annual Tax Amount $3,487
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50.00X150.00
Property Description
This is a well-maintained duplex located in the vibrant downtown area of Wyandotte. The owner of this property has made significant recent investments in it, which include new hot water tanks, new roof, new vinyl siding, new windows, refinished hard wood floors, appliances etc. Two-car garage and full, partitioned basement. This property is currently managed by a third-party professional property management company.
Both units are 2/1 and about 900 sq ft. The upper unit rents for $850/month and the lower unit rents for $855/month. In 2017 the property generated $19,453 in gross rents. 2017 expenses for this property were: insurance $565, taxes $3,580.73, and water $592.01. Tenants pay for the other utilities. Assuming an average repair and maintenance budget of $1,800 per year, and standard financing terms, a new owner could expect a first year cash-on-cash return of 20%+. BTVAI {BOTH UNITS CURRENTLY VACANT C OF O AT CLOSING}
Location
State MI
County Wayne
Area Wyandotte
Zoning Multi-Family
Direction Go North on Biddle from Eureka turn West on Chestnut
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Pool No
Roof Type Asphalt
Porch Breezeway, Porch - Covered
Road Frontage Pub. Sidewalk
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Architectural Style Duplex
Level or Stories 2 Story
Structure Type Vinyl
Schools
School District Wyandotte
Others
Pets Allowed Yes
Tax ID 57015220003303
Ownership Private Owned,Short Sale - No
SqFt Source measure
Acceptable Financing Cash, Conventional
Rebuilt Year 2013
Listing Terms Cash, Conventional
Financing Cash,Conventional
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