ClickCease
Address
16924 Santa Rosa Drive Detroit, MI
Price
$ 115,000
Property Attributes
  • ID#2210085835
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDet 6-Tire - Grnfld - Livernois
  • NeighborhoodMARSHALL MICHAELSON & KOHN
  • Zip48221
  • StyleColonial
  • Year Built1929
  • Taxes$ 3055
  • Price$ 115,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2640
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
RealComp - 83 - MI
Property Description

Money to be made here - pick up capital growth along with a solid rental income! Large triplex for sale- requires rehab- quotes from contractor can be provided upon request- One block from the Marygrove University allowing for instant tenants with no vacancy issues. Position, position, position- one three bedroom and two one bedroom units. All good sizes. A very solid brick building, with heaps of space and character to bring back to life. Pick up 20% plus in gross income PLUS instant equity after renovation !- convert to a section 8 tenancy for an even higher rental yield OR Possible to also turn into a large 5 bed, 3 bath SFR. Only on the market for 30 days. Otherwise current owner will renovate himself and reap the rewards! Don’t miss your opportunity for 3 rental incomes in one of the most up and coming areas of Detroit! Real Estate is about position, position, position! This property ticks this Box and more!!

Price History
10/12/2021 Listed $125,000
10/28/2021 8% - $115,000

General Features

Basement Type Unfinished
Construction Materials Brick
Cumulative Days on Market 77
Down Payment Resource Yes
Gross Scheduled Income 30000.00
Heating Forced Air
Listing Agent Public Id 428988
Net Operating Income 18000.00
Ownership Status Private Owned, Short Sale - No
Parcel Number W16I020163S
Property Type Multifamily
School District Detroit
Sewer Sewer at Street
Short Sale No
Status Active
Subdivision Name MARSHALL MICHAELSON & KOHN
Terms Offered Cash, Warranty Deed
Total Sq Ft 2640
Transaction Type Sale
Year Built 1929
Zoning Residential

Interior Features

Basement Y/N Yes
Full Baths 3
Heating Fuel Electric
Total Baths 3.00
Total Units 3

Exterior Features

Architecture Level 2 Story
Architecture Style Colonial
Foundation Basement
Foundation Materials Block
Frontage Feet 37
Lot Size Area 0.10
Lot Size Dimensions 37.00X111.00
Porch Porch
Roof Material Asphalt
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Downriver Homes and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of December 8, 2021 12:20 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48221

Price
AVG $150K
$120K
Taxes
AVG $2,154
$3,055
Visits
AVG 71
437
Year Built
AVG 1929
1929
Walkscore
AVG 52
69
Data Provided by Walkscore ® not using MLS data