Detroit, MI 48213,5900 SEMINOLE Street
$399,990
$399,990
Est.Price: ?

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3,600 SqFt

5900 SEMINOLE Street Detroit, MI 48213

Est. payment /mo
SOLD DATE : 10/29/2024

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Key Details

Sold Price $399,990

Property Type Commercial

Sub Type Real Estate Only

Listing Status Sold

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $111

Subdivision Stephens Elm Pk (Plats)

MLS Listing ID 20240070477

Year Built 1923

Annual Tax Amount $3,442

Lot Size 3,484 Sqft

Property Description

MULTIPLE OFFER SITUATION! HIGHEST AND BEST DUE BY MONDAY AT 5PM. REDUCED! LOCATED 6 MINUTES FROM THE HISTORIC INDIAN VILLAGE AND WEST VILLAGE, YOU WILL FIND 5900 SEMINOLE NESTLED ON A 3,484 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE?S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,002 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 % THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Multi-Family

Interior

Heating Hot Water

Exterior

Waterfront no

Building

Sewer Sewer at Street

Water Water at Street

Structure Type Brick

Schools

School District Detroit

Others

Assessment Amount $340

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Full Service

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Realcomp MLS
Listed by Marta Kopania of 1st Michigan Real Estate
Bought with 1st Michigan Real Estate

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