$90,000
$94,900
5.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,456 SqFt
SOLD DATE : 01/03/2025
Key Details
Sold Price $90,000
Property Type Multi-Family
Sub Type Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,456 sqft
Price per Sqft $61
Subdivision Feldman & Feldman Palomar Park
MLS Listing ID 20240069848
Sold Date 01/03/25
Style Upper/Lower Apartment
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1956
Annual Tax Amount $1,565
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50.00 x 100.00
Property Description
This multifamily property presents a fantastic investment opportunity, currently featuring one unit rented for $500 below market value. Its prime location and potential for increased rental income offers immediate cash flow and significant upside for savvy investors. The well-maintained units boast desirable amenities and are situated in a thriving neighborhood, making it an attractive choice for both current and future tenants. Don't miss the chance to capitalize on this exceptional value!
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Zoning Multi-Family
Direction East 8 Mile and South of Schoenherr
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Road Frontage Paved
Garage yes
Building
Foundation Slab
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 Yes
Tax ID W21I029682C4
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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