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$ 55,000
Est. payment /mo
New
8072 NW Prairie Street Detroit, MI 48204 3429
2 Baths
1,400 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $39
Subdivision Mi
MLS Listing ID 61039877
Style 2 Story
Full Baths 2
Year Built 1925
Annual Tax Amount $902
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30X104
Property Sub-Type Multi-Family
Property Description
Location, Location, Location! Located on the border of Dearborn , MI and only minutes from Downtown Detroit, this home is priced to offer great built in equity for the savvy investor or handy man. This is an awesome investment setup to offer generational wealth! It has been setup as 2 unit investment property, however, it can be easily converted to a 1 family home. With the necessary updates, this sturdy property offers immediate equity based on 3 bedroom 2 bath comps projected around 3.5 times the purchase price. The first floor unit is very spacious with 2 bedrooms and setup for a bathroom and kitchen. The second floor unit has 1 spacious bedroom and is setup for another full kitchen and bathroom. This is a potential 2 income property and has awesome longstanding neighbors with an extra lot on the side of the property. Approximately 1.5 miles from the Jeffries expressway and super close proximity to downtown and the Grand BLVD business and medical districts. Other benefits: the city plans to expand the footprint of the downtown walking path to this nearby area. The property is sold AS IS and requires BATVAI.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Bank Owned
Energy Description Natural Gas
Financing Cash
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Listed by Keller Williams Advantage
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