Detroit, MI 48205,12400 BARLOW ST
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Detroit, MI 48205,12400 BARLOW ST
Detroit, MI 48205,12400 BARLOW ST
Detroit, MI 48205,12400 BARLOW ST
Detroit, MI 48205,12400 BARLOW ST

$229,900

Est. payment /mo
Est.Price: ?

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12400 BARLOW ST Detroit, MI 48205

4 Baths

2,880 SqFt

SOLD DATE : 10/04/2024

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Sold

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $73

Subdivision Gratiot Highlands Sub (Plats)

MLS Listing ID 20240043565

Style Colonial

Full Baths 4

Year Built 1929

Lot Size 3,920 Sqft

Property Sub-Type MultiFamily

Property Description

**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!

Location

State MI

County Wayne

Area Area05054Det8Togratiothoustonto7

Interior

Heating Forced Air, Natural Gas

Exterior

Pool None

View Y/N No

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

High Schools Airport

School District Airport

Others

Acceptable Financing Cash, Contract, ConvBlendRt, Conventional, CovenantDeed, FHA, OwnerMayCarry, QuitClaimsDeed, Trade1031Exchange, WarrantyDeed

Listing Terms Cash, Contract, ConvBlendRt, Conventional, CovenantDeed, FHA, OwnerMayCarry, QuitClaimsDeed, Trade1031Exchange, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

Pets Allowed No

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Realcomp MLS
Listed by Craig Covert of Century 21 Curran & Oberski
Bought with EXP Realty LLC
Realtyflo Inc

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

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