414 HORTON Street, Detroit, MI 48202 - MLS#20240062673

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Additional details

Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 275,000

Est. payment -/mo

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Price Dropped by $20K

414 HORTON Street Detroit, MI 48202

3 Beds

3 Baths

2,581 SqFt

UPDATED:

10/22/2024 05:59 PM

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Active

Purchase Type For Sale

Square Footage 2,581 sqft

Price per Sqft $106

Subdivision Baggs Sub Pt Of Ol 1

MLS Listing ID 20240062673

Style Colonial

Bedrooms 3

Full Baths 3

Originating Board Realcomp II Ltd

Year Built 1906

Annual Tax Amount $1,655

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 30.00 x 100.00

Property Description

Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Direction E Grand Blvd to Brush to Horton

Rooms

Basement Unfinished, Common

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Waterfront no

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 3 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W01I001971S

Ownership Short Sale - No,Private Owned

Assessment Amount $240

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Listed by Gustaf Andreasen of @properties Christie's Int'l R.E. Detroit

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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