$195,000
$182,500
6.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,360 SqFt
SOLD DATE : 05/02/2024
Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $143
Subdivision Northside Sub
MLS Listing ID 20240017754
Sold Date 05/02/24
Style Colonial
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1920
Annual Tax Amount $4,669
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 120.00
Property Description
Highest and Best Due 3/27 at 11am.
Great Investment Opportunity! Discover the perfect blend of comfort, convenience, and investment potential with this charming duplex nestled in the heart of Wyandotte. This unique offering is ideal for both investors and homebuyers, featuring two units, each with 2 bedrooms and 1 bathroom. These arrangements ensure ample space and privacy for occupants, making it an attractive proposition for a variety of needs. The property boasts brand new windows (2023) and a recently renovated upper unit that radiates modern living charm with its fresh and inviting atmosphere, while the first floor is currently occupied, providing immediate cash flow from the get-go. Adding to the convenience is a shared laundry facility in the basement, catering to all domestic needs without leaving the comfort of home. Situated just minutes from the renowned Henry Ford Hospital, the vibrant downtown Biddle Avenue, and within a short walk to local restaurants and bars, the location of this property promises an unbeatable lifestyle of convenience and entertainment. The previous rental history of the upper unit at $1,000 per month highlights the property's evident investment upside, showcasing substantial cash flow opportunities coupled with long-term value appreciation prospects. This duplex represents more than just a home; it's a smart investment into your future. The unique setup allows for an owner-occupant to reside in the beautifully renovated upper unit while enjoying the financial benefits generated by the income from the lower tenant. This can significantly offset mortgage payments, essentially allowing you to live for free while building equity in your investment. Embrace the opportunity to live in a vibrant community, enjoy proximity to top local amenities, and capitalize on the financial benefits this property offers. This rare find in Wyandotte is not to be missed.
Location
State MI
County Wayne
Area Wyandotte
Zoning Multi-Family
Direction Biddle to Mulberry, Head West to 3rd.
Rooms
Basement Unfinished
Interior
Interior Features Smoke Alarm, Carbon Monoxide Alarm(s), Circuit Breakers, ENERGY STAR® Qualified Window(s), Laundry Facility, High Spd Internet Avail, Programmable Thermostat
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Chimney Cap(s), Lighting, Fenced
Garage Spaces 2.0
Roof Type Asphalt,Composition
Porch Balcony
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal), Water at Street
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Aluminum
Schools
School District Wyandotte
Others
Pets Allowed Yes
Tax ID 57012070010000
Ownership Broker/Agent Owned,Short Sale - No
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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