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Scott Hutchison

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

$ 335,000

Est. payment | -/mo

8 Baths

6,969 Sqft Lot

Save

$ 335,000

Est. payment | -/mo

Save

8 Baths

6,969 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261053311

Year Built 1924

Annual Tax Amount $3,825

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 56.9X120

Source Realcomp

Property Description

REDUCED! LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 5319 IVANHOE NESTLED ON A SPACIOUS 6,795 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF, GUTTERS, TRIM AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. EVERY WINDOW lHAS BEEN UPGRADED WITH TOP OF THE LOW E MAINTENANCE FREE APPOINTMENTS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEW FURNACES AND NEWLY INSTALLED HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING AND BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4605 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PERCENT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Location

State MI

County Wayne

Zoning Multi-Family

Direction Linwood St. Drive About 0.5 Mile, Then Turn Right Onto Ivanhoe St, Continue Until You Reach 5319 Ivanhoe St.

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Schools

School District Detroit

Others

Tax ID W16I002942S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by KW Domain

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

5319 Ivanhoe Street Detroit, MI 48204

Scott Hutchison

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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5319 Ivanhoe Street