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217 RICHTER Street River Rouge, MI 48218
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Key Details
Sold Price $150,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,390 sqft
Price per Sqft $62
Subdivision Hoods Sub
MLS Listing ID 20230062205
Style Colonial
Bedrooms 3
Full Baths 3
Year Built 1937
Annual Tax Amount $2,292
Lot Size 5,662 Sqft
Property Sub-Type Colonial
Property Description
Looking for your newest investment! Look no further. This property is perfect for investors looking for a cash flowing property as well as owner occupants looking to house hack. This 3 unit multifamily home has 2 units currently occupied by long term tenants and a 3rd unit vacant that can easily be filled or used as a primary residence. Currently cash flowing $1,600 a month with the potential of $3,117 when occupied by section 8 tenants. There are two units with one bedroom and one bathroom which could be occupied at $952 for section 8 tenants and a final two bedroom unit which could be occupied at $1213 for section 8 tenants. All units are nicely updated including newer floors and updates and very well taken care of by current tenants. Property has been low maintenance for the seller for several years and is ready to be taken over!
Location
State MI
County Wayne
Area River Rouge
Zoning Multi-Family
Interior
Heating Forced Air
Exterior
Garage Spaces 2.0
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Structure Type Aluminum,Asbestos
Schools
School District River Rouge
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Bought with EXP Realty LLC