$82,000
$83,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,440 SqFt
SOLD DATE : 10/04/2024
Key Details
Sold Price $82,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $56
Subdivision Gratiot American Park
MLS Listing ID 20240053759
Sold Date 10/04/24
Style Colonial
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1926
Annual Tax Amount $1,356
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 120.00
Property Sub-Type Colonial
Property Description
This high-yielding investment opportunity in Detroit awaits you! This duplex (2/1 downstairs and 2/1 upstairs) is tenant occupied with monthly rent income of $1,750. Tenants pay water and gas (separately metered), Landlord pays water. Investment yield 20.2%. New water tank installed in Mar 2024; garage for 3 cars, property is well maintained. Favorable price for the portfolio of 7 homes: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini - contact Agent for details. ** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Zoning Multi-Family
Direction N of 7 Mile/E of Gratiot
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W21I021703S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2025 Realcomp II Ltd. Shareholders
Bought with Exit United Realty Professionals
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "