Detroit, MI 48228,9411 BURT Road

$275,000

$284,900

3.5%
Est.Price: ?

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Est. payment /mo

5 Beds

5 Baths

882 SqFt


SOLD DATE : 08/12/2021

Key Details

Sold Price $275,000

Property Type Multi-Family

Sub Type Colonial,Townhouse,Traditional

Listing Status Sold

Purchase Type For Sale

Square Footage 882 sqft

Price per Sqft $311

Subdivision Rouge Park Blvd Sub

MLS Listing ID 2210051060

Sold Date 08/12/21

Style Colonial,Townhouse,Traditional

Bedrooms 5

Full Baths 5

Originating Board Realcomp II Ltd

Year Built 1953

Annual Tax Amount $4,551

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 60.00X100.00

Property Description

Amazing Investment Opportunity, Serious Investors Only, this one won’t last!! 5-unit, FULLY OCCUPIED, Townhome style building in one of the hottest rental markets in Detroit. This property has recently upgraded units, as well as $5k worth of upgrades done to the exterior. Highlights of the property:
- Units are 2 bed, 1.5 bath - 880 avg. sq feet - Positive cash flow (financials can be provided) - 8% cap rate with more room for rent increase - All units metered separately -Upgrades include newer roof, hot water tanks and furnaces less than 7 years old. Each unit has its own private basement- Current owner has maintained the building extremely well. ****PROPERTY APPRAISED OVER CURRENT LIST PRICE, 18 MONTHS AGO with only 66% occupancy ****

Location

State MI

County Wayne

Area Det: Joy-Schoolcraft Grnfld-Limi

Zoning Multi-Family

Direction From I-96, South on Greenfield to W Chicago, Left and follow to Burt Road

Rooms

Basement Unfinished, Private

Interior

Interior Features High Spd Internet Avail, Cable Available

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Exterior Feature Lighting, Private Entry

Roof Type Asphalt

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Sewer at Street

Water Public (Municipal)

Architectural Style Colonial, Townhouse, Traditional

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed No

Tax ID W22I004002C4

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Bernard Shamow of EXP Realty
Bought with Reach Realty Group
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