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$ 180,000
Est. payment /mo
Price Dropped by $5K
14828 Sussex Street Detroit, MI 48227 2605
4 Baths
2,674 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,674 sqft
Price per Sqft $67
Subdivision Mi
MLS Listing ID 61023757
Full Baths 3
Half Baths 1
Year Built 1929
Annual Tax Amount $5,240
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 34X132
Property Sub-Type Multi-Family
Property Description
INVESTMENT OPPORTUNITY IN DETROIT! This well-maintained Triplex offers rental income with long-term tenants already in place. The property features two 1-bedroom units upstairs and a fully renovated 3-bedroom unit downstairs. Current rents are $775, $745, and $1,100, for a total monthly rental income of $2,620 ($31,440 annually). After current leases expire the rental rates can be raised to the current market rate which are $750-$1000 for 1b1b and $995-$1300 for 3b1b. Opportunity for an investor looking for an income-producing Detroit property with established tenancy and additional potential for future rental growth.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Interior
Heating Electric Heat, Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Electric
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Howard Homes 4 You LLC
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