$148,000
$147,500
0.3%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1,666 SqFt
SOLD DATE : 05/15/2024
Key Details
Sold Price $148,000
Property Type Commercial
Sub Type Apartments,Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 1,666 sqft
Price per Sqft $88
Subdivision Burke And Riopelles Sub
MLS Listing ID 20240006534
Sold Date 05/15/24
Bedrooms 2
Originating Board Realcomp II Ltd
Year Built 1920
Annual Tax Amount $2,491
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40.00 x 100.00
Property Description
LOCATED INSIDE THE SUBURBAN CITY OF RIVER ROUGE, YOU WILL FIND 1174 COOLIDGE NESTLED ON A 4,008 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS ALL NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. ALL ELECTRICAL, PLUMBING, HVAC AND BUILDING PERMITS WERE JUST APPROVED THIS YEAR. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1217 AND $1276 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $200 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Location
State MI
County Wayne
Area River Rouge
Zoning Multi-Family
Direction Coolidge
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Level or Stories 2 Story
Structure Type Other
Schools
School District River Rouge
Others
Tax ID 50005020079000
Ownership Short Sale - No,Private Owned
Assessment Amount $635
Acceptable Financing Cash, Conventional
Rebuilt Year 2024
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Epique Realty