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Key Details
Sold Price $100,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $38
Subdivision Robert Oakmans Cortland & Ford Highway (Plats)
MLS Listing ID 20230041553
Sold Date 09/25/23
Style Colonial
Bedrooms 3
Full Baths 2
Half Baths 1
Originating Board Realcomp II Ltd
Year Built 1927
Annual Tax Amount $1,509
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 34.00 x 108.00
Property Description
Welcome to this brick, two-story multi-unit property located in the vibrant city of Detroit. With its convenient location and attractive features, this property presents a fantastic investment opportunity for savvy buyers. This two-level property features three units, including one spacious three-bedroom unit and two comfortable one-bedroom units. Each unit offers a versatile living arrangement for tenants or occupants. The first floor living and dining rooms have been freshly painted, creating a modern and inviting ambiance.
The property showcases decorative archways, beveled glass windows and interior doors, and a large front porch, perfect for relaxing. The pride of ownership is evident throughout, as this property has had only one dedicated owner for the past 70 years.
In terms of investment potential, this property can generate substantial income, with the potential to earn up to $2,800 per month when fully rented. Detroit's rental market is thriving, making this property an excellent opportunity for those seeking a steady stream of rental income.
Conveniently situated in Detroit, this property offers easy access to a variety of amenities, including shops, restaurants, and entertainment options. Its central location provides a desirable lifestyle for both residents and tenants.
Don't miss out on this remarkable opportunity to own a multi-unit property in Detroit. Whether you're an investor searching for an income-generating asset or an individual looking to live in one unit while renting out the others, this property offers endless possibilities. Schedule a showing today and envision the potential that awaits within these walls.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Residential
Direction W of Livernois between Cortland and Elmhurst
Rooms
Basement Unfinished
Interior
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Garage Spaces 2.0
Porch Porch - Covered, Porch
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W16I019746S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Financing Cash,Conventional,VA
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Bought with Downtown Realty