Address
14405 Eastwood Street, Detroit, MI
Price
$ 199,900
Property Attributes
- MLS#24005929
- TypePending
- CountyWAYNE
- CityDetroit
- AreaDetroit City
- NeighborhoodDetroit City
- Zip48205
- Style5+ Units
- Year Built1929
- Taxes$ 286
- Price$ 199,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.12 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Transformative 17-Unit Apartment Building, a property with profound potential, located in the heart of Detroit. This 17-unit, historic building represents an unmatched opportunity for the right investor. The renovation on this building has already begun! In the past two years over $200,000 have been spent on a Major Structural Overhaul, Additional Framing on exterior walls, Brand New Roof, A Complete Clean Out on all floors (over $100k in clean out costs), as well as the addition, and clearing, of the adjacent lot. This blank slate is ready to be transformed. This is a chance not just to renovate a building, but to breathe new life into an entire community. Please Review Marketing Flyer for full Pro Forma
| Price History | |
|---|---|
| 2/4/2024 | Listed $199,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | None |
| Cooling | None |
| Utilities | Public Water Available,Public Sewer Available,Electric Available,Cable Available,Natural Gas Connected |
| Roof | Composition,Rubber |
| Construction Materials | Brick |
| Year Built | 1929 |
| Tenant Pays | None |
| Township | Detroit City |
| Property SubType | 5+ Units |
| Tax Year | 2023 |
| Gross Income | 195000.0 |
| OwnerPays | None |
| County | Wayne |
| Net Operating Income | 120000.0 |
| New Construction | No |
| Property Type | Multi-Family |
| Status | Pending |
| Directions | Take Chalmers south from 7 mile and 14405 ?Eastwood can be seen on your left |
| ModificationTimestamp | 2024-03-29T13:06:04Z |
| City | Detroit |
| Buyer Agent Compensation | 3.00 |
| High School District | Detroit |
| NumberOfUnitsTotal | 17 |
| MLS Area | Wayne County - 100 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 5227.0 |
| Waterfront Y/N | No |
| Listing Terms | Cash |
| Land Lease Y/N | No |
| Tax Annual Amount | 286.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Wayne County - 100 |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 53 |
| Standard Status | Pending |
| Tax Assessed Value | 2415 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| Legal Description | N EASTWOOD 19 SEYMOUR & TROESTERS CHALMERS AVE SUB L46 P50 PLATS,W C R 21/269 50 X 103.04 |
| Senior Community | None |
Interior Features
| Basement | Daylight,Walk Out,Full |
|---|---|
| Total Fireplaces | 1 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Laundry Features | In Unit |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | Sidewalk,Corner Lot |
|---|---|
| Total Parking | 0.0 |
| Lot Size Area | 0.12 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 50X103 |
| BuyerOfficeFax | 202-537-0020 |
| Lot Size Acres | 0.12 |
| Road Surface Type | Paved |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 48205
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update June 17, 2024 6:02 PM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
