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$ 65,000
Est. payment | /mo
2 Baths
2,686 SqFt
$ 65,000
Est. payment | /mo
2 Baths
2,686 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,686 sqft
Price per Sqft $24
Subdivision Mi
MLS Listing ID 61044641
Style 2 Story
Full Baths 2
Year Built 1924
Annual Tax Amount $3,976
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X120.5
Property Sub-Type Multi-Family
Property Description
Great bones, great block, great opportunity for the investor looking for their next BRRR. Seller willing to hold the note for 12 or so months while you fix this up and make it rent ready. The Dexter-Linwood neighborhood has seen rapid redevelopment both publically and privately. The bones and roof are good, but cosmetic work and HVAC will be needed. The attic in the upper unit is tall enough for another bedroom or to finish the attic space. Rent in the area for a modest unit touches $1,400/side bringing in almost 20% ROI after renovation and units selling well into the mid $200k range post renovation!
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX First
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Learn More About LPT Realty
Shannon Bagdonas
Founder | Broker Partner