$80,000
$84,900
5.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
2,050 SqFt
SOLD DATE : 04/10/2024
Key Details
Sold Price $80,000
Property Type Multi-Family
Sub Type Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $39
Subdivision Coon Frederick Sub
MLS Listing ID 20230100541
Sold Date 04/10/24
Style Upper/Lower Apartment
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1924
Annual Tax Amount $1,031
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35.00 x 108.00
Property Description
**INVESTORS** Add this performing 2-family property to your rental portfolio or let it be the cornerstone if this is your first property! The property features 2 spacious units, each with 2 bedrooms, living room, dining room, kitchen, and full bathroom. Market rent rates for each unit are $850-900/month for a cash paying tenant and up to $1,100/month for a Section 8 tenant. The property has updated kitchens & bathrooms in the lower unit, hardwood floors throughout, updated circuit breaker panels with romex wiring, some updated PVC drain pipe, PEX supply plumbing, new blinds in the 1st floor unit, and vinyl siding around the 1st floor unit. The property is also located just north of Grand River Avenue, one of the major thoroughfares in the city of Detroit and one that has seen considerable investment and development in the last few years!
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Residential
Direction From Grand River turn North on Griggs
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Roof Type Asphalt
Porch Porch - Covered, Porch
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Upper/Lower Apartment
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed No
Tax ID W16I041791S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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