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$275,000
Est. payment /mo
3 Baths
3,049 Sqft Lot
UPDATED:
10/22/2024 06:01 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240062673
HOA Y/N true
Originating Board Realcomp
Year Built 1906
Annual Tax Amount $1,655
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30.00 x 100.00
Property Description
Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction E Grand Blvd to Brush to Horton
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Tax ID W01I001971S
Acceptable Financing Cash
Listing Terms Cash
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Listed by @properties Christie's Int'l R.E. Detroit
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Joey Atkins
Owner / Managing Broker | License ID: RB17000834
Owner / Managing Broker License ID: RB17000834