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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 170,000

Est. payment | -/mo

3 Baths

3,484 Sqft Lot

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$ 170,000

Est. payment | -/mo

Save

3 Baths

3,484 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 20261002902

Year Built 1928

Annual Tax Amount $1,028

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 34 x 101

Source Realcomp

Property Description

Great opportunity to own a 3-unit multifamily in Detroit's Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month and 2-bedroom is recently tenanted through Sec 8 for $1,201/month. Both have been fully renovated prior to be occupied. The rehabbed studio previously rented for $900/month, creating projected gross rents of approx. $3,300/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities.

Location

State MI

County Wayne

Zoning Residential

Direction I-96 to Greenfield to Tyler to Sussex

Interior

Heating Baseboard, Forced Air

Cooling Central Air, Wall Unit(s)

Exterior

View Y/N No

Roof Type Composition

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W22I046089S

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Sine & Monaghan LLC

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

12890 Sussex Street Detroit, MI 48227

Scott Hutchison

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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12890 Sussex Street