Detroit, MI 48202,540-542 HOLBROOK Street

$250,000

Est. payment /mo
Est.Price: ?

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

540-542 HOLBROOK Street Detroit, MI 48202

2 Beds

2 Baths

2,112 SqFt

SOLD DATE : 12/30/2024

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,112 sqft

Price per Sqft $120

Subdivision Howlands

MLS Listing ID 20240085991

Style Colonial

Bedrooms 2

Full Baths 2

Year Built 1915

Annual Tax Amount $1,169

Lot Size 3,484 Sqft

Property Sub-Type Colonial

Property Description

Welcome to 540-542 Holbrook Ave, a beautifully updated duplex in a prime Michigan Opportunity Zone, offering exceptional tax advantages and long-term growth potential! Perfect for investors or owner-occupants, each unit features 2 spacious bedrooms, 1 bathroom, and gorgeous hardwood flooring throughout.

Recent updates include a new roof, modern plumbing, gutters, and electrical systems, ensuring worry-free ownership. Both units have been freshly painted, creating a bright and inviting atmosphere. The upstairs unit boasts a fully renovated kitchen with new cabinets, luxury vinyl flooring, countertops, and doors, along with an updated bathroom featuring a new tub, flooring, sink, and vanity.

Additional highlights include a 2-car garage and a sizable adjacent lot, offering outdoor space for recreation, gardening, or potential development.

Currently rented on month-to-month leases at $1,000 per unit, with area rental comps averaging $1,200 per unit, this property offers substantial cash flow potential.

Don't miss this rare opportunity to own a move-in-ready duplex with incredible tax advantages—schedule your showing today!

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family,Residential

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Laundry 1

Exterior

Exterior Feature Gutter Guard System, Fenced

Garage Spaces 2.0

Roof Type Asphalt

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Assessment Amount $340

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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 Antonio Wells of Max Broock, REALTORS®-Birmingham
Bought with Maxim Properties LLC
Realtyflo Inc

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

GET MORE INFORMATION

Name
Phone*
Message