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$ 89,900
Est. payment | /mo
6 Baths
6,969 Sqft Lot
$ 89,900
Est. payment | /mo
6 Baths
6,969 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261000538
HOA Y/N true
Year Built 1916
Annual Tax Amount $51
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 54.00 x 127.00
Source Realcomp
Property Description
**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.
Location
State MI
County Wayne
Zoning Multi-Family
Direction From Rosa Parks Blvd turn East on Taylor
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W06I002186S
Acceptable Financing Cash
Listing Terms Cash
Listed by RE/MAX Leading Edge
NEARBY SCHOOLS & PROPERTIES
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