$165,000
$160,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,596 SqFt
SOLD DATE : 04/21/2025
Key Details
Sold Price $165,000
Property Type Multi-Family
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,596 sqft
Price per Sqft $103
Subdivision Heiden & Cunningham Palme R Grove Sub (Plats)
MLS Listing ID 20250014933
Sold Date 04/21/25
Style Bungalow
Bedrooms 2
Full Baths 2
Year Built 1953
Annual Tax Amount $3,918
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40.00 x 111.00
Property Sub-Type Bungalow
Source Realcomp II Ltd
Property Description
This beautiful duplex comes fully updated on Detroit's west side. These charming units both feature a private garage and basement access. The lower unit is a 2 bed/1 bath, and the upper unit is a 1 bed/1 bath with a bonus room.
The lower unit is occupied at $1,225/mo, with a $50/mo landlord credit for water (factored into projected expenses). The upper unit currently is vacant, but has applicants at $900/mo.
Tenants each pay their own electric and gas. Priced at an 11% pro forma cap rate, this is an incredible opportunity to invest in a turn-key housing opportunity.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Residential
Direction S o W McNichols
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed No
Tax ID W22I039192S
Ownership Short Sale - No,Private Owned
Assessment Amount $350
Acceptable Financing Cash, Conventional, FHA, Warranty Deed
Listing Terms Cash, Conventional, FHA, Warranty Deed
Financing Cash,Conventional,FHA,Warranty Deed
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