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Key Details
Sold Price $82,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20240053759
Sold Date 10/04/24
Originating Board Realcomp
Year Built 1926
Annual Tax Amount $1,356
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 120.00
Property Description
This high-yielding investment opportunity in Detroit awaits you! This duplex (2/1 downstairs and 2/1 upstairs) is tenant occupied with monthly rent income of $1,750. Tenants pay water and gas (separately metered), Landlord pays water. Investment yield 20.2%. New water tank installed in Mar 2024; garage for 3 cars, property is well maintained. 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 Wayne County - 100
Zoning Multi-Family
Direction N of 7 Mile/E of Gratiot
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Tax ID W21I021703S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Rob Young
Broker Associate | License ID: 6506039987
Broker Associate License ID: 6506039987