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$ 515,000
Est. payment /mo
Coming Soon
1501 Glynn Court Detroit, MI 48206 1772
4 Baths
3,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $135
Subdivision Mi
MLS Listing ID 61043886
Style 2 Story
Full Baths 4
Year Built 1925
Annual Tax Amount $2,167
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 62X117
Property Sub-Type Multi-Family
Property Description
Discover this beautifully rehabbed brick 4-Unit Investment Opportunity in the heart of Detroit! Welcome to 1501 Glynn Ct, an extensively updated quadplex offering an excellent opportunity for investors and owner-occupants alike. Each of the four spacious units features 2 bedrooms and 1 full bathroom, providing a total of 8 bedrooms and 4 bathrooms throughout the property. Major improvements were made from top to bottom including a brand-new roof, windows, plumbing, and electrical systems, helping minimize future maintenance expenses. Each unit features brand new vinyl plank flooring throughout, updated bathrooms, and modern kitchens complete with quartz countertops and stainless steel appliances. With estimated market rents of $1,300-$1,400 per unit, the property offers a potential gross rental income of $5,200-$5,600 per month, or $62,400-$67,200 annually at full occupancy. An excellent opportunity for investors seeking a turnkey addition to their buy-and-hold portfolio or owner-occupants looking to house hack by living in one unit while renting out the remaining three. This property is located in a Neighborhood Enterprise Zone (NEZ) and may qualify for tax benefits. Ideally located near the historic Boston-Edison neighborhood, within walking distance of The Congregation, and just a short drive from Downtown Detroit, offering convenient access to dining, entertainment, and local amenities. Don't miss your opportunity to be a part of Detroit's revitalization and own a fully renovated multifamily property in a great location!
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
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 Private
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Clyde Realty LLC
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