$79,000
$80,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
14570 LAPPIN Street Detroit, MI 48205
2 Beds
2 Baths
1,605 SqFt
Key Details
Sold Price $79,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,605 sqft
Price per Sqft $49
Subdivision Gratiot American Park
MLS Listing ID 20240053755
Style Colonial
Bedrooms 2
Full Baths 2
Year Built 1925
Annual Tax Amount $1,298
Lot Size 4,356 Sqft
Property Description
This high-yielding investment opportunity in Detroit awaits you! This duplex (2/1 downstairs and spacious 1/1 upstairs) is tenant occupied with monthly rent income of $1,700. Tenants pay water and gas (separately metered), Landlord pays water. Investment yield 21%. Interior was recently updated, and two new furnaces were installed in 2022. Detached garage. Favorable price for the portfolio of 7 homes: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini - contact Agent for details. ** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Zoning Multi-Family
Interior
Heating Forced Air
Exterior
Garage Spaces 1.0
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Other
Schools
School District Detroit
Others
Assessment Amount $240
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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