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Additional details

Larry Else

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

$ 199,000

Est. payment -/mo

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13601 NORTHLAWN Street Detroit, MI 48238

2 Beds

2 Baths

2,400 SqFt

UPDATED:

10/17/2024 10:01 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $82

Subdivision Greenfield Park No 4 (Plats)

MLS Listing ID 20240078427

Style Duplex

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1926

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 35.00 x 105.00

Property Description

LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 13601 NORTHLAWN NESTLED ON A 3,675 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST A BRAND NEW TEAR OFF ROOF TOWERING OVER TWO SPACIOUS 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH A NEW HEATING SYSTEM AND NEW WINDOWS. IN ADDITION, THIS HOME DISPLAYS BRAND NEW ELECTRICAL AND PLUMBING SYSTEMS TO INSURE MAINTENANCE FREE CASH FLOW. NEWLY RENOVATED WITH FRESH CARPET & PAINT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1293 AND $1293 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT FOR A WHOPPING TOTAL OF $2586. THESE TENANTS PAYS ALL THE UTILITIES MINUS WATER WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area Det 6-Tire - Grnfld - Livernois

Zoning Multi-Family

Direction Northlawn & Davison

Rooms

Basement Unfinished

Interior

Heating Wall/Floor Furnace

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Pool No

Waterfront no

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Architectural Style Duplex

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed No

Tax ID W16I032448S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by 1st Michigan Real Estate

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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