Detroit, MI 48206,2638 RICHTON Street
$370,000
$365,000
1.4%
Est.Price: ?

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4 BD
5 BA
4,800 SqFt

2638 RICHTON Street Detroit, MI 48206

Est. payment /mo
SOLD DATE : 10/28/2024

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Key Details

Sold Price $370,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $77

Subdivision Linwood Heights Sub (Plats)

MLS Listing ID 20240062807

Style Quadruplex

Bedrooms 4

Full Baths 5

Year Built 1925

Annual Tax Amount $1,572

Lot Size 6,534 Sqft

Property Description

REDUCED. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2638-2640 RICHTON NESTLED ON A 6,534 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 HARDWOOD OR CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,301 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 PERC. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 200 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Interior

Heating Wall/Floor Furnace

Exterior

Waterfront no

Building

Foundation Basement

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

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Realcomp MLS
Listed by Marta Kopania of 1st Michigan Real Estate
Bought with Berkshire Hathaway HomeServices The Loft Warehouse

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