$160,000 Price Analysis    ♡   Detroit, MI 48213 4 bed 2 bath 2,060 SqFt ($77/SqFt) 3,920SqFt lot. Built 1930 Listed 2024-06-14, Taxes $1,297 | Ⓧ USDA Ineligible due to location near Detroit |
Attention Investors and House Hackers!
Amazing opportunity to own an income-producing duplex 1 block from Chandler Park on Detroit's Eastside. Lease both units out for cash flow OR live in one unit and rent the other! Part of a 3-property rental portfolio in Detroit - can be sold individually or together (inquire about other properties). This duplex features two 2 Bed 1 Bath units over 1000 sqft each. Lower unit is currently leased for $900/month and the upper unit is currently vacant and actively listed for lease at $900/month. Potential Cap Rate when fully leased will be 10% or higher! The property includes numerous updates & renovations including refinished hardwood floors throughout, 2 furnaces & duct work, 2 hot water tanks, updated kitchens & flooring, drywall & painting, & much mo re! (Scope of Work available) The basement is accessible by both units through the main foyer.
There is a parking pad out back for 2 vehicles or street parking is also available. The lower unit features an enclosed porch, while the upper unit has its own balcony space. AWESOME LOCATION - walk or bike to Chandler Park, Detroits fourth largest park with 200 acres of sports fields, sports courts, skate park, walking paths, aquatic facility and a golf course. A new indoor Recreation Facility is being constructed in the park and most recently playground & picnic amnities were added. Easy access to I-94 - Just an 11 minute drive to Downtown Detroit or the Grosse Pointes. Don't miss out on this opportunity! Some exterior photos include enhanced landscaping.
Presented by Jeffrey Cash at
Nika & Co.
Property MLS #20240038520 from Realcomp
Full Bathrooms: 2
Heating Fuel: Natural Gas
Road Frontage Type: Paved, Pub. Sidewalk
Porch Description: Balcony, Porch
Lot Size Dimensions: 37.00 x 100.00
Lot Size Square Feet: 3920
Parking Features: 2
Number of 2 Bedroom Units: 2
Map directions Map directions Map directionsAnnual Tax Amount: 1333
Source Listing Status: Active
County: Wayne
Directions: From Chandler Park Dr, Turn N on Lenox St
Source Property Type: Multifamily
Area: Det Con-Mors/Grat. Hstn/7 Mack
Source Neighborhood: PARKSIDE MANOR
Ownership Type: Short Sale - No, Private Owned
Parcel Number: W21I049862S
Postal Code Plus 4: 3568
Subdivision: PARKSIDE MANOR
Zoning: Residential
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $17,000 | $1,297 |
| 2021 | $unknown + $unknown $10,600 | $1,265 |
| 2020 | $unknown + $unknown $11,400 | $1,277 |
| 2019 | $unknown + $unknown $10,400 | $1,260 |
| 2018 | $unknown + $unknown $9,400 | $1,152 |
| 2017 | $unknown + $unknown $9,500 | $1,173 |
| 2016 | $unknown + $unknown $11,800 | $1,175 |
| 2015 | $unknown + $unknown $12,400 | $1,318 |
| 2014 | $unknown + $unknown $13,078 | $1,352 |
| 2013 | $unknown + $unknown $14,531 | $1,785 |
| 2012 | $unknown + $unknown $16,702 | $1,290 |
| 2011 | $unknown + $unknown $18,321 | $1,271 |
| 2010 | $unknown + $unknown $21,304 | $1,075 |
| 2009 | $unknown + $unknown $24,209 | $1,229 |
| 2008 | $unknown + $unknown $27,987 | $1,155 |
| 2007 | $unknown + $unknown $27,987 | $946 |
$160,000
Realcomp
Listing removed 2021-05-08
$0
AppfolioUnits
Listed for rent 2021-04-04
$800
AppfolioUnits
Sold 2017-05-09
$55,000
Public Record
Listing removed 2017-03-30
$53,000
Realcomp
Listing removed 2017-03-29
$53,000
MiRealSource
Price Changed 2017-03-16
$53,000
MiRealSource
Price Changed 2017-03-16
$53,000
Realcomp
Listed 2017-03-01
$58,500
MiRealSource
Listed 2017-03-01
$58,500
Realcomp
Listing removed 2016-03-05
$3,000
Realcomp
Listed 2016-02-26
$3,000
Realcomp
Year Built: 1930
Construction Materials: Brick
Foundation Details: Basement
Property Age: 94
House Style: Colonial
Total Below Grade Area: 1008
Year Remodeled: 2024
Water Source: Public (Municipal)
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.