UPDATED:
11/08/2024 01:28 PM
Key Details
Property Type Multi-Family
Sub Type Duplex,Victorian
Listing Status Active
Purchase Type For Sale
Square Footage 5,300 sqft
Price per Sqft $358
Subdivision Beechers Luther
MLS Listing ID 20240046215
Style Duplex,Victorian
Bedrooms 3
Full Baths 4
Originating Board Realcomp II Ltd
Year Built 1915
Annual Tax Amount $944
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 33 x 131
Property Description
***Note: A single family home is located and included in the sale on the same lot and can be rented for maximum income. See MLS Number?20240045117.*** The SFH is a 2900 SF, 4 Bed/2 Bath built in 1880. Large basement with exit to street level has possible conversion for additional income. For added income, the SFH attic measures a whopping 37? X 15?! Create a unique spacious recreation space/lounge or large grand bedroom with awesome views of downtown Detroit!
One possibility is to convert the single family home to a Bed & Breakfast and rent the Duplex. Numerous rental options exist, such as long term rentals, short term, or a hybrid mix to maximize cash flow while providing income stability. [Prospective buyers are advised to verify local zoning laws & regulations to ensure compliance with conversion requirements.]
Rent immediately or make slight improvements for increased income & long term appreciation. Pro-forma available upon request. Also, an opportunity in the future to spilt the Duplex from the lot and sell separately
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Multi-Family
Direction South of Michigan Avenue, east of Rosa Parks Blvd.
Rooms
Basement Unfinished
Interior
Interior Features Smoke Alarm, Circuit Breakers, Laundry Facility
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Chimney Cap(s), Lighting
Waterfront no
Roof Type Asphalt
Porch Porch - Covered, Porch
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Duplex, Victorian
Level or Stories 2 Story
Structure Type Other
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID 08000475.
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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