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12400 BARLOW Street Detroit, MI 48205
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Key Details
Sold Price $211,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $73
Subdivision Gratiot Highlands Sub (Plats)
MLS Listing ID 20240043565
Style Colonial
Bedrooms 4
Full Baths 4
Year Built 1929
Annual Tax Amount $955
Lot Size 3,920 Sqft
Property Sub-Type Colonial
Property Description
**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Zoning Multi-Family
Interior
Heating Forced Air
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Airport
Others
Acceptable Financing Cash, Contract, Conv. Blend Rt, Conventional, Covenant Deed, FHA, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed
Listing Terms Cash, Contract, Conv. Blend Rt, Conventional, Covenant Deed, FHA, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed
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Bought with EXP Realty LLC