$82,000
$83,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,440 SqFt
SOLD DATE : 10/04/2024
Key Details
Sold Price $82,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $56
Subdivision Gratiot American Park
MLS Listing ID 20240053759
Sold Date 10/04/24
Style Colonial
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1926
Annual Tax Amount $1,356
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 120.00
Property Description
This high-yielding investment opportunity in Detroit awaits you! This duplex (2/1 downstairs and 2/1 upstairs) is tenant occupied with monthly rent income of $1,750. Tenants pay water and gas (separately metered), Landlord pays water. Investment yield 20.2%. New water tank installed in Mar 2024; garage for 3 cars, property is well maintained. Favorable price for the portfolio of 7 homes: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini - contact Agent for details. ** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Zoning Multi-Family
Direction N of 7 Mile/E of Gratiot
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Pool No
Waterfront no
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W21I021703S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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