$35,000
$39,900
12.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
1,493 SqFt
SOLD DATE : 10/24/2023
Key Details
Sold Price $35,000
Property Type Single Family Home
Sub Type Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,493 sqft
Price per Sqft $23
Subdivision Grix Home Park Sub Of Ely Pt Of Lots 3 & 4
MLS Listing ID 60237363
Sold Date 10/24/23
Style 1 1/2 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 1,493
Year Built 1922
Annual Tax Amount $727
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50.00 x 100.00
Property Description
Calling all investors! This property has the potential to generate positive cash flow and provide a solid return on investment over time. While it requires essential items and repairs such as a new furnace, a hot water tank, and knobs on the shower, these are improvements that can significantly increase the property's value. With these repairs completed, the home will be in better condition and more appealing to potential tenants or buyers, enabling a higher rental income or a profitable resale in the future. The location of the home is beneficial as well as Highland Park is a vibrant and up-and-coming area known for its rich history and close proximity to downtown Detroit. The city has been experiencing revitalization efforts, attracting new businesses and residents. Investing in this area allows for potential long-term growth and value appreciation as the community continues to develop. With the proper renovations and effective management, this property can offer a solid return on investment, making it an appealing prospect for investors looking to capitalize on the growth and development of the Highland Park area! BTVAI
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Exterior
Waterfront No
Garage No
Building
Story 1 1/2 Story
Foundation Basement
Water Public Water
Architectural Style Colonial
Structure Type Brick,Vinyl Siding
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Bought with EXP Realty LLC