$165,000
$160,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
4,356 Sqft Lot
SOLD DATE : 04/21/2025
Key Details
Sold Price $165,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20250014933
Sold Date 04/21/25
Originating Board Realcomp
Year Built 1953
Annual Tax Amount $3,918
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40.00 x 111.00
Property Description
This beautiful duplex comes fully updated on Detroit's west side. These charming units both feature a private garage and basement access. The lower unit is a 2 bed/1 bath, and the upper unit is a 1 bed/1 bath with a bonus room.The lower unit is occupied at $1,225/mo, with a $50/mo landlord credit for water (factored into projected expenses). The upper unit currently is vacant, but has applicants at $900/mo.Tenants each pay their own electric and gas. Priced at an 11% pro forma cap rate, this is an incredible opportunity to invest in a turn-key housing opportunity.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction S o W McNichols
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I039192S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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