Seller Financing
Address
1739 Central Street, Detroit, MI
Price
$ 615,000
Property Attributes
- MLS#24023134
- TypeMulti-Family
- CountyWAYNE
- CityDetroit
- AreaDetroit City
- NeighborhoodDetroit City
- Zip48209
- Style5+ Units
- Year Built1927
- Taxes$ 1176
- Price$ 615,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.1 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Great investment opportunity! Newly updated 6 unit occupied apartment building with leases in place in Southwest Detroit. Your tenants will enjoy all that Mexican Town has to offer! The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are a total of 6 two bedroom units. 5 units are currently occupied while the remaining 1 unit is vacant. The vacant unit has been cleaned and freshly painted and are currently being shown to fill with tenants. The building is separated into two entrances. The first entrance includes the front two units and the side entrance leads to the remaining 4 units. Each unit is separately metered. All furnaces for the building have been updated in 2020. The seller is opening to seller financing.
| Price History | |
|---|---|
| 5/10/2024 | Listed $615,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas |
| Utilities | Public Water Available,Public Sewer Available,Natural Gas Connected |
| Construction Materials | Brick |
| Year Built | 1927 |
| Tenant Pays | Electric,Water,Gas |
| Township | Detroit City |
| Property SubType | 5+ Units |
| Tax Year | 2023 |
| Gross Income | 61200.0 |
| OwnerPays | Water |
| County | Wayne |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | FERNDALE AVE SUB (PLATS) |
| Status | Active |
| Directions | Central and Cahalan |
| ModificationTimestamp | 2024-05-10T18:39:44Z |
| City | Detroit |
| Buyer Agent Compensation | 3.00 |
| High School District | Detroit |
| Zoning Description | Multi-Family |
| NumberOfUnitsTotal | 6 |
| MLS Area | Wayne County - 100 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 4356.0 |
| Waterfront Y/N | No |
| Listing Terms | Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 1176.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Wayne County - 100 |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 38 |
| Standard Status | Active |
| Tax Assessed Value | 10830 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| Legal Description | PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2022. W CENTRAL 550 FERNDALE AVE SUB L30 P56 PLATS,W C R 20/349 39 X 110 |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Total Fireplaces | 1 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Laundry Features | In Basement |
| Electric On Property Y/N | No |
Exterior Features
| Total Parking | 0.0 |
|---|---|
| Lot Size Area | 0.1 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 39x110 |
| Lot Size Acres | 0.1 |
| 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 Multi-Family Average in 48209
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 1:56 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
