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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$89,900

Est. payment - /mo

6 Baths

3,220 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,220 sqft

Price per Sqft $27

Subdivision Bessenger & Moores Sub

MLS Listing ID 20261000538

Style Historic

Full Baths 6

Year Built 1916

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type MultiFamily

Property Description

**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Full, Unfinished, Walk Out Access

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Pool None

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, BrickMortar

Sewer Public Sewer, Sewer At Street

Water Public, WateratStreet

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

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Listed by Ryan E Kain of RE/MAX Leading Edge

Nearby Locations

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Erin Raetz

+1(586) 996-8410

1473 Taylor ST Detroit, MI 48206

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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