$243,500
$244,999
0.6%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
2,035 SqFt
SOLD DATE : 02/16/2024
Key Details
Sold Price $243,500
Property Type Multi-Family
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 2,035 sqft
Price per Sqft $119
Subdivision Beals & Camerons
MLS Listing ID 20230083884
Sold Date 02/16/24
Style Bungalow
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1914
Annual Tax Amount $2,206
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30.00 x 102.00
Property Description
Discover a lucrative investment opportunity in Detroit's Islandview neighborhood which is prime for development. This meticulously remodeled duplex is located near Indian Village and West Village neighborhoods and offers savvy investors the chance to secure a prime cash-flowing property in an area that is seeing a lot of development. Currently, both units are tenant-occupied, ensuring immediate cash flow. The tenants cover all utilities and rent payments are managed by a trusted agency which ensures reliable monthly income.The property not only provides excellent returns but also opens up opportunities with the neighboring land, which could be utilized for added parking, the creation of a community garden, or embarking on new development ventures. This duplex is just moments away from an array of local restaurants, shops and cafes which makes it appealing to tenants seeking convenience and culture. Not to mention it's a short drive from downtown Detroit and a quick bike ride to Belle Isle.
Location
State MI
County Wayne
Area Det Woodward-Mcclellan/So Mack
Zoning Multi-Family,Residential
Direction S of Mack between Goether and Charlevoix
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Roof Type Asphalt
Road Frontage Paved
Garage no
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 Yes
Tax ID W17I010227S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional, FHA, VA
Rebuilt Year 2022
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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Bought with Real Estate One-WB/FH