Property Attributes
- MLS#24013702
- TypeMulti-Family
- CountyWAYNE
- CityDetroit
- AreaDetroit City
- NeighborhoodDetroit City
- Zip48202
- Style2 to 4 Units
- Year Built1912
- Taxes$ 3221
- Price$ 550,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3,920 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Tenant occupied. No showings without an accepted offer. Nestled in Detroit's North End neighborhood, this fully leased quadplex is the perfect purchase for a savvy investor. These fully gut rehabbed units feature hardwood floors, bedrooms with ample closet options, and updated kitchens with lots of cabinetry. The plumbing, electrical, and heating systems are all updated. With a gross annual income of $65,700, this property is the perfect purchase for a savvy investor. There are an additional 2 unfinished units in the basement ready to be brought back to life. Less than 10 minute drive to downtown Detroit, and a 5 minute drive to midtown, this investment opportunity is uniquely rare and one to take advantage of.
Price History | |
---|---|
3/21/2024 | Listed $550,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Forced Air,Natural Gas |
Cooling | None |
Utilities | Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Natural Gas Connected,Electric Connected |
Possession | Close Of Escrow |
Construction Materials | Brick |
Year Built | 1912 |
Tenant Pays | Electric,Gas |
Township | Detroit City |
Property SubType | 2 to 4 Units |
Tax Year | 2023 |
Gross Income | 5475.0 |
OwnerPays | Trash Collection,Water |
County | Wayne |
New Construction | No |
Property Type | Multi-Family |
Status | Active |
Directions | Brush St between Kenilworth and Westminster |
City | Detroit |
High School District | Detroit |
Total Units | 4 |
MLS Area | Wayne County - 100 |
Lot Size Square Feet | 3920.0 |
Waterfront Y/N | No |
Street Name | Brush |
Land Lease Y/N | No |
Tax Annual Amount | 3221.0 |
Lease Renewal Y/N | No |
MLS Area Minor | Wayne County - 100 |
Additional Parcels Y/N | No |
Rent Control Y/N | No |
Days on Market | 56 |
Standard Status | Active |
Occupancy Description | Tenant |
Tax Assessed Value | 38721 |
MobileHomeRemainsYN | No |
Legal Description | PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2020. N KENILWORTH N 65 FT OF S 190 FT OF E 31 FT 35 N 65 FT OF S 190 FT OF W 30 F |
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 | Common Area,In Basement |
Electric On Property Y/N | No |
Exterior Features
Total Parking | 0.0 |
---|---|
Lot Size Area | 0.09 |
Number of Buildings | 1 |
Spa | No |
Lot Dimensions | 61 x 65 |
Lot Size Acres | 0.09 |
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