$229,900
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12400 BARLOW ST Detroit, MI 48205
4 Baths
2,880 SqFt
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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