$174,900 Price Analysis    ♡   Detroit, MI 48203 20 bed 20 bath 10,784 SqFt ($16/SqFt) 9,148SqFt lot. Built 1926 Listed 2024-02-15, Taxes $1,288 | Ⓧ USDA Ineligible due to location near Detroit |
OPPORTUNITY Investors
* Sale Pending *Come claim one of the last few un-rehabbed large multifamily proprties left in the Martin Park/University District/Palmer Park/Palmer Woods area! The property features 20 big one-bedroom units, which breaks down as 8 units per floor plus4 garden-level units. There is also plenty of space in the basement for additional amenities for the tenants. Each unit is roughly 675 sq ft and features a living room, kitchen, bathroom and bedroom.
The property features a newer roof with 3D architectural shingles (2020), a repaired/u pdated PVC sewer line (2020) and a new copper incoming water service line (2020). The property requires a full rehab, but does have hardwood floors throughout the 1st and 2nd floors, which can be repaired and restored. The property is in Detroit but has a Highland Park mailing address. CASH OR HARD MONEY ONLY, NO LAND CONTRACTS OR OTHER SELLER FINANCING.
Presented by Ryan Kain at
RE MAX Leading Edge.
Property MLS #20240009212 from Realcomp
Full Bathrooms: 20
Heating Fuel: Natural Gas
Road Frontage Type: Paved, Pub. Sidewalk
Lot Size Dimensions: 90 x 100
Lot Size Square Feet: 9147
Number of 1 Bedroom Units: 20
Map directions Map directions Map directionsAnnual Tax Amount: 261
Source Listing Status: Pending
County: Wayne
Directions: From McNichols turn South on Log Cabin
Source Property Type: Multifamily
Area: Highland Park
Source Neighborhood: LOG CABIN HEIGHTS SUB (PLATS)
Ownership Type: Short Sale - No, Private Owned
Parcel Number: W08I009611S
Postal Code Plus 4: 2681
Subdivision: LOG CABIN HEIGHTS SUB (PLATS)
Zoning: Residential
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $3,800 | $1,288 |
| 2021 | $unknown + $unknown $3,800 | $1,233 |
| 2020 | $unknown + $unknown $1,900 | $1,240 |
| 2019 | $unknown + $unknown $1,900 | $268 |
| 2018 | $unknown + $unknown $11,800 | $1,062 |
| 2017 | $unknown + $unknown $11,000 | $1,055 |
| 2016 | $unknown + $unknown $10,800 | $1,060 |
| 2015 | $unknown + $unknown $5,600 | $592 |
| 2014 | $unknown + $unknown $5,625 | $592 |
| 2013 | $unknown + $unknown $19,573 | $1,795 |
| 2012 | $unknown + $unknown $20,283 | $1,839 |
| 2011 | $unknown + $unknown $20,752 | $1,888 |
| 2010 | $unknown + $unknown $28,160 | $2,330 |
| 2009 | $unknown + $unknown $28,160 | $2,296 |
| 2008 | $unknown + $unknown $32,744 | $2,218 |
| 2007 | $unknown + $unknown $32,744 | $3,166 |
$174,900
Realcomp
Operating Expense: 68040.00
Year Built: 1926
Construction Materials: Brick
Foundation Details: Basement
Property Age: 98
Roof: Asphalt
House Style: Common Entry Building
Total Below Grade Area: 5392
Water Source: Public (Municipal), Water at Street
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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.