Address
506 Westminster Street, Detroit, MI
Price
$ 499,000
Property Attributes
- MLS#24020988
- TypePending
- CountyWAYNE
- CityDetroit
- AreaDetroit City
- NeighborhoodDetroit City
- Zip48202
- Style2 to 4 Units
- Year Built1910
- Taxes$ 1348
- Price$ 499,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.13 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
3/4 occupied. Nestled in Detroit's North End neighborhood, this fully leased quadplex is the perfect purchase for a savvy investor. Building received gut renovation in 2017. All 3 bed, 1 bath units have new plumbing, electrical, HVAC, Flooring, roofing, etc. Each unit has a dishwasher Washer dryer and storage in basement. Includes 2 gated off street parking. With a gross annual income of $58,080, this property is the perfect purchase for a savvy investor. 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. Newly renovated quadplexes in the most desired neighborhoods in Detroit are moving quickly.
| Price History | |
|---|---|
| 5/1/2024 | Listed $499,000 |
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 | Subject To Tenant Rights |
| Roof | Other |
| Construction Materials | Brick |
| Year Built | 1910 |
| Tenant Pays | Electric,Gas |
| Township | Detroit City |
| Property SubType | 2 to 4 Units |
| Tax Year | 2023 |
| OwnerPays | Water |
| County | Wayne |
| New Construction | No |
| Property Type | Multi-Family |
| Status | Pending |
| Directions | Brush St and Westminster |
| City | Detroit |
| High School District | Detroit |
| NumberOfUnitsTotal | 4 |
| MLS Area | Wayne County - 100 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 5663.0 |
| Waterfront Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 1348.19 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Wayne County - 100 |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 34 |
| Standard Status | Pending |
| Tax Assessed Value | 5435 |
| MobileHomeRemainsYN | No |
| Legal Description | S WESTMINSTER W 50 FT OF E 70 FT 34 HOUGHS L12 P49 PLATS,W C R 3/117 50 X 115 EXCEPT THE N 10 FT TAKEN FOR ALLEY |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Total Fireplaces | 1 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| BuyerOfficeEmail | [email protected] |
| Laundry Features | Common Area,In Basement |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | Corner Lot |
|---|---|
| Total Parking | 0.0 |
| Lot Size Area | 0.13 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 50 x 115 |
| BuyerOfficeFax | 313-533-0340 |
| Lot Size Acres | 0.13 |
| 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 48202
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 10:01 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
