Address
13910-20 Littlefield Street, Detroit, MI
Price
$ 539,000
Property Attributes
- MLS#24005085
- TypeMulti-Family
- CountyWAYNE
- CityDetroit
- AreaDetroit City
- NeighborhoodDetroit City
- Zip48227
- Style5+ Units
- Year Built1929
- Taxes$ 1971
- Price$ 539,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size5,227 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
GREAT INVESTMENT OPPORTUNITY! This valued added opportunity is 100% occupied with long-term tenants. Each unit is separately metered. Currently, rents are below market with plenty of upside to increase cashflow. Recent updates include but are not limited to new facia boards & gutters for entire building, renovation of kitchen & bath for 6 of 8 units. At present, a 9% cap rate but could easily become 12%.
| Price History | |
|---|---|
| 1/30/2024 | Listed $549,000 |
| 4/8/2024 | 2% - $539,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas |
| Utilities | Public Sewer Available,Natural Gas Connected,Electric Connected |
| Possession | Subject To Tenant Rights |
| Roof | Composition |
| Construction Materials | Brick |
| Year Built | 1929 |
| Tenant Pays | Electric,Gas |
| Township | Detroit City |
| Property SubType | 5+ Units |
| OwnerPays | Trash Collection,Water |
| County | Wayne |
| New Construction | No |
| Property Type | Multi-Family |
| Status | Active |
| Directions | On the North side of Schoolcraft & West of Schaefer Hwy |
| City | Detroit |
| High School District | Detroit |
| Zoning Description | Residential |
| Total Units | 8 |
| MLS Area | Wayne County - 100 |
| Lot Size Square Feet | 5280.0 |
| Waterfront Y/N | No |
| Street Name | Littlefield |
| Land Lease Y/N | No |
| Tax Annual Amount | 1971.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Wayne County - 100 |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 105 |
| Standard Status | Active |
| Tax Assessed Value | 21471 |
| MobileHomeRemainsYN | No |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Total Fireplaces | 1 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Street |
| Laundry Features | In Basement |
| 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 | 132x40 |
| Lot Size Acres | 0.12 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| 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 Multi-Family Average in 48227
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 May 19, 2024 2:16 AM 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
