$46,000
$50,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,740 SqFt
SOLD DATE : 11/07/2022
Key Details
Sold Price $46,000
Property Type Multi-Family
Sub Type Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,740 sqft
Price per Sqft $26
Subdivision East Detroit Development Cos No 1 (Plats)
MLS Listing ID 20221049635
Sold Date 11/07/22
Style Upper/Lower Apartment
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1927
Annual Tax Amount $1,354
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 114.00
Property Description
GREAT INVESTMENT OPPORTUNITY IN MORNINGSIDE! Located on the first block off Mack, seconds away from Grosse Pointe. This duplex (upper/lower) multi-family home is currently set up as two 2-bed, 1-bath units with their own kitchen, but can be easily converted back to single family home as it was originally constructed. Balcony off bedroom on second floor. This property would work well for an investor looking for a value-add opportunity to flip OR rent out. Estimated long-term rental income of $900/unit ($1,800/month). Short term rental for Air B&B is possible due to it's desirable location! For investors interested in flipping: after repair value (ARV) of $200K+ if converted to single family, or $130K+ if kept as a duplex. Updates include roof, vinyl windows, and driveway/parking pad. Great location near Grosse Pointe, Belle Isle, I-94, hospitals, restaurants & shopping. So much potential for a visionary to turn this diamond in the rough into a cash cow!
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Residential
Direction N Mack W Outer Dr
Rooms
Basement Unfinished
Interior
Interior Features 100 Amp Service, Cable Available, Circuit Breakers
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Awning/Overhang(s), Fenced
Garage Spaces 3.0
Pool No
Waterfront no
Roof Type Asphalt
Porch Balcony, 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,Vinyl
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W21I069623S
Ownership Broker/Agent Owned,Short Sale - No
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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Bought with RE/MAX Leading Edge