$130,000
$140,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2.5 Baths
2,316 SqFt
SOLD DATE : 01/12/2024
Key Details
Sold Price $130,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,316 sqft
Price per Sqft $56
Subdivision Casgrains (Plats)
MLS Listing ID 20230048515
Sold Date 01/12/24
Style Duplex
Bedrooms 2
Full Baths 2
Half Baths 1
Originating Board Realcomp II Ltd
Year Built 1915
Annual Tax Amount $2,137
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 112.00
Property Description
This property is a fantastic investment opportunity. Both units are currently occupied, with the upper unit being a long term tenant. Room for future rental increases with small upgrades. Located in Southwest Detroit, an area that is currently undergoing significant investment, particularly with the ongoing development of the Gordie Howe Bridge. This property offers a rare chance that you shouldn't miss out on.
The lower unit has received several recent updates, including newer flooring, tub, doors, electric panels, hot water tank and a freshly painted basement, among other improvements. This duplex is made of brick, ensuring durability and low maintenance.
The property's location is highly desirable, and it holds excellent rental potential. You can choose to keep it as a cash-flowing rental property or live in one unit while renting out the other, which is known as "house hacking." The possibilities with this property are numerous.
Each unit in the duplex consists of two bedrooms and a bathroom. Additionally, the purchase includes half of lot 131, which is perfect for extra parking or a tenant common area. Please note that the property is being sold as-is, and the buyer will assume any necessary municipal inspections and repairs.
It's important to mention that all data and measurements provided are approximate and not guaranteed. The buyer should verify all information and data independently. Lastly, please refrain from approaching or disturbing the current tenants.
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Multi-Family
Direction Northside Of I 75/West Of Livernois
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Lighting, Private Entry
Garage Spaces 1.0
Waterfront no
Porch Balcony
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Duplex
Level or Stories 3 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W18I007663S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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