Detroit, MI 48209,1045 JUNCTION

$330,000

Est. payment /mo

$355,000

7.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1045 JUNCTION Detroit, MI 48209

4 Beds

4 Baths

3,872 SqFt

SOLD DATE : 10/12/2023

Key Details

Sold Price $330,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,872 sqft

Price per Sqft $85

Subdivision Plat Of Reeder Jerome & Duffield Sub (Plats)

MLS Listing ID 20230080068

Style Quadruplex

Bedrooms 4

Full Baths 4

Year Built 1885

Annual Tax Amount $1,470

Lot Size 6,534 Sqft

Property Description

Welcoming your NEW INVESTMENT property in Southwest Detroit! Perfect for investors or first time home buyer's looking to house hack! Live in one unit and rent out the others. This QUADRUPLEX has CASHFLOW and is professionally managed by a property management company. 4 Units, 2 - 3 Bed/1 Bath units & 2 - 2 Bed/1 Bath Units. Highly appreciating location. Only 5 mins from Ford's MASSIVE 740-Million Dollar renovation at Michigan's Central Station in CORKTOWN. Located on Junction Ave, on the road near the 5.7-Billion Dollar Gordie Howe International Bridge development! Walking distance to Clark Park, Armandos, Mexicantown Bakery, Mutiny Bar, Flowers of Vietnam, El Club & more! This area attracts WSU Students, Casino Workers, Henry Ford, DMC or VA Hospital workers. Priced to sell. Selling 'as-is'. Monthly & Annual income is projected. 2 units currently occupied; Unit 1047 for $900 per month (lease ends 3/22/24) and Unit 1049 for $1,000 per month (lease ends 8/20/24). Make your investment for the future today!

Location

State MI

County Wayne

Area Det South Of Grand River

Zoning Multi-Family

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Exterior

Exterior Feature Awning/Overhang(s), Private Entry, Fenced

Pool No

Waterfront no

Roof Type Rubber

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Structure Type Brick

Schools

School District Detroit

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Realcomp MLS
Listed by Signature Sotheby's International Realty GPF
Bought with RE/MAX Classic

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.