Detroit, MI 48206,3030 CORTLAND Street

$165,000

Est. payment /mo

$155,000

6.5%
Est.Price: ?

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3030 CORTLAND Street Detroit, MI 48206

2 Beds

2 Baths

2,726 SqFt

SOLD DATE : 10/27/2023

Key Details

Sold Price $165,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,726 sqft

Price per Sqft $60

Subdivision Linwood Heights (Plats)

MLS Listing ID 20230065600

Style Duplex

Bedrooms 2

Full Baths 2

Year Built 1925

Annual Tax Amount $1,392

Lot Size 4,356 Sqft

Property Description

LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 3030 COURTLAND NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED HOT WATER TANKS AND BRAND NEW ELECTRIC BASEBOARDS . IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1321 AND $1200 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE AT A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Interior

Heating Hot Water

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Structure Type Brick

Schools

School District Detroit

Others

Assessment Amount $340

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Realcomp MLS
Listed by Marta Kopania of 1st Michigan Real Estate
Bought with NREMG Realty
agent

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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