Detroit, MI 48209,1076 N RADEMACHER Street

$130,000

$140,000

7.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Realcomp MLS
Listed by Shane Parker of S&P Realty
Bought with S&P Realty
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