$250,000
540-542 HOLBROOK Street Detroit, MI 48202
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$250,000
Est. payment /mo
2 Baths
3,484 Sqft Lot
UPDATED:
11/20/2024 05:54 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240085991
HOA Y/N true
Originating Board Realcomp
Year Built 1915
Annual Tax Amount $1,169
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 113.00
Property Description
Welcome to 540-542 Holbrook Ave, a beautifully maintained duplex that’s perfect for investors or owner-occupants! Each unit boasts 2 spacious bedrooms, 1 bathroom, and stunning hardwood flooring throughout. Both units have been freshly painted, offering a clean, modern feel that tenants will love.Recent updates include a brand-new roof, updated plumbing, gutters and modernized electrical systems, ensuring peace of mind for years to come. The property also features a 2-car garage and sits next to a sizable lot, providing ample outdoor space for recreation, gardening, or future development opportunities. Prime Michigan Opportunity Zone Location—Incredible Tax Advantages. Perfect for investors seeking tax deferred growth opportunities.Currently, both units are rented on month-to-month leases at $1,000 per unit, with rental comps in the area averaging $1,200 per unit, offering significant potential for increased cash flow.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction East Of Woodward And West Of Oakland
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Amenities Available Pets Allowed
Waterfront No
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Tax ID W03I002414S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Listed by Max Broock, REALTORS®-Birmingham
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Joey Atkins
Owner / Managing Broker | License ID: RB17000834
Owner / Managing Broker License ID: RB17000834