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$315,000
Est. payment /mo
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261041221
Year Built 1915
Annual Tax Amount $2,243
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30X136
Source Realcomp
Property Description
Renovated two-family flat producing roughly $19,000 a year in net income. The lower unit is short-term and turns over this summer; the upper is leased through June 2027 at $1,425/month. That mix gives an owner-occupant room to live in one unit and let the other help carry the note, or an investor a stabilized upper with upside on the turnover below.The renovated units offer 1,050 sq ft of hardwood floors, a bay window, and an exposed brick column that runs from the living space into the kitchens. The kitchens pair quartz counters with a gas ranges, dishwashers, subway tile backsplashes, and open shelving; the full baths are finished in floor-to-ceiling tile. Fenced backyard and separate washer and dryer in shared basement with lots of extra storage space. Location carries the value. The home sits near the Motown Museum, whose $75 million expansion is under construction on West Grand Boulevard, and a short walk from Henry Ford Health's $2.2 billion Destination: Grand hospital campus, a 20-story tower set to open by the end of 2029, part of a broader New Center plan with Michigan State University and the Detroit Pistons that adds a medical research center and mixed-use housing. With Wayne State, CCS, and Henry Ford all close, rental demand should stay healthy for years. Steps to New Center and Milwaukee Junction, adjacent to LaSalle Gardens and Virginia Park, minutes from the North End, and a quick ride to Corktown and downtown.
Location
State MI
County Wayne
Zoning Multi-Family,Residential
Direction Grand Blvd to Holden to Commonwealth
Rooms
Basement Daylight
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Water Public
Structure Type Vinyl Siding
Schools
School District Detroit
Others
Tax ID W08I006139S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Douglas Rose Realty
Nearby Locations
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