$240,000
$275,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
6 Baths
3,420 SqFt
SOLD DATE : 09/15/2021
Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $70
Subdivision Amended Plat R Oakmans Turner & Ford Hwy (Plats)
MLS Listing ID 2210038618
Sold Date 09/15/21
Style Quadruplex
Bedrooms 4
Full Baths 4
Half Baths 4
Originating Board Realcomp II Ltd
Year Built 1924
Annual Tax Amount $985
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 67.00X81.00
Property Description
Investor is reducing portfolio- Brick Quadruplex, with 4 2BR/1bath units, currently 75% occupied at $700 per month for each unit. The building has a common entry with interior unit entries/stairs; common basement with individual storage spaces, laundry, individual water heaters, individual furnaces; and separate gas/electric meters. Potential 8% cap rate fully occupied at the current rents. The building has value and opportunity with buyer upgrades. May be purchased as bundle with 3854 31st street, Detroit.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Residential
Direction North of Davison west of Livernois
Rooms
Basement Interior Entry (Interior Access), Common, Private Storage Locker
Interior
Hot Water Natural Gas
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Asphalt
Porch Porch - Covered, Porch
Road Frontage Paved
Garage no
Building
Foundation Slab, Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Quadruplex
Level or Stories 2 Story
Structure Type Brick,Brick Veneer (Brick Siding)
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W16I025390S
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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