River Rouge, MI 48218,1174 COOLIDGE

$148,000

Est. payment /mo

$147,500

0.3%
Est.Price: ?

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1174 COOLIDGE River Rouge, MI 48218

2 Beds

1,666 SqFt

SOLD DATE : 05/15/2024

Key Details

Sold Price $148,000

Property Type Commercial

Sub Type Apartments,Business And Real Estate

Listing Status Sold

Purchase Type For Sale

Square Footage 1,666 sqft

Price per Sqft $88

Subdivision Burke And Riopelles Sub

MLS Listing ID 20240006534

Bedrooms 2

Year Built 1920

Annual Tax Amount $2,491

Lot Size 3,920 Sqft

Property Description

LOCATED INSIDE THE SUBURBAN CITY OF RIVER ROUGE, YOU WILL FIND 1174 COOLIDGE NESTLED ON A 4,008 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS ALL NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. ALL ELECTRICAL, PLUMBING, HVAC AND BUILDING PERMITS WERE JUST APPROVED THIS YEAR. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1217 AND $1276 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 $200 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area River Rouge

Zoning Multi-Family

Interior

Heating Forced Air

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Structure Type Other

Schools

School District River Rouge

Others

Assessment Amount $635

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Full Service

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

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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