$235,000
$250,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
3854 31ST Street Detroit, MI 48210
4 Beds
6 Baths
4,236 SqFt
Key Details
Sold Price $235,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,236 sqft
Price per Sqft $55
Subdivision Scripps & Brearleys (Plats)
MLS Listing ID 2210038630
Style Quadruplex
Bedrooms 4
Full Baths 4
Half Baths 4
Year Built 1925
Annual Tax Amount $2,188
Lot Size 6,534 Sqft
Property Description
Investor is reducing portfolio- Brick Quadruplex, with 4 2BR/1bath units, currently 75% occupied at $700 per month for each unit. The building has a common entry with interior unit entries/stairs; common basement with individual storage spaces, laundry, individual water heaters, individual furnaces; and separate gas/electric meters. Potential 8% cap rate fully occupied at the current rents. The building has value add opportunity with buyer upgrades.
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Residential
Interior
Hot Water Natural Gas
Heating Forced Air
Exterior
Roof Type Asphalt
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Brick Veneer (Brick Siding)
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Berkshire Hathaway HomeServices Kee Realty Bham