$95,000
$109,000
12.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
2,054 SqFt
SOLD DATE : 08/23/2024
Key Details
Sold Price $95,000
Property Type Multi-Family
Sub Type Colonial,Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,054 sqft
Price per Sqft $46
Subdivision Russell Woods (Plats)
MLS Listing ID 20240049964
Sold Date 08/23/24
Style Colonial,Duplex
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1924
Annual Tax Amount $1,323
Lot Size 435 Sqft
Acres 0.01
Lot Dimensions 35x119
Property Description
Welcome to your next investment opportunity in the vibrant Russell Woods Community of Detroit! This 2-unit multifamily property offers an excellent opportunity for investors or owner-occupants looking to generate rental income in a thriving neighborhood. Situated on a spacious lot, this property boasts a charming exterior with a deck in the back, providing an ideal space for outdoor relaxation or entertaining. Additionally, each unit features a balcony, offering tenants a private outdoor retreat. Both units are in good condition and are ready for tenants to move in immediately. With a potential rental income of $1200 per month for each unit, this property presents a lucrative investment opportunity with significant earning potential. Russell Woods is a highly desirable community within the city of Detroit, known for its historic charm and ongoing revitalization efforts. As the neighborhood continues to grow and improve, this property stands to benefit from its prime location and promising future prospects. Minimal cosmetic updating may be desired to further enhance the property's appeal and value, but overall, it is move-in ready and awaits its next occupants. Don't miss out on the chance to own a piece of this up-and-coming community and start generating passive income with this turnkey investment opportunity. Schedule a viewing today and seize the potential this property has to offer!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction Broadstreet and W Davison
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial, Duplex
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed No
Tax ID W14I005153S
Ownership Broker/Agent Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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