$64,000
$65,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
776 SqFt
SOLD DATE : 10/04/2024
Key Details
Sold Price $64,000
Property Type Single Family Home
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 776 sqft
Price per Sqft $82
Subdivision Gratiot American Park
MLS Listing ID 20240053766
Sold Date 10/04/24
Style Ranch
Bedrooms 2
Full Baths 1
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1947
Annual Tax Amount $999
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35.00 x 115.00
Property Description
This high-yielding investment opportunity in Detroit awaits you! Tenant is long term section 8 for guaranteed income. Monthly rent income $1,000 for investment return of 15.4%. Tenant pays all utilities. Furnace was replaced in 2024, garage for 1.5 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
Direction N of 7 Mile/E of Gratiot
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Detached
Garage Description 1.5 Car
Pool No
Waterfront no
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Ranch
Warranty No
Level or Stories 1 Story
Structure Type Other
Schools
School District Detroit
Others
Tax ID W21I021534S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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