$44,900
For Sale

1987 RICHTON STREET

Detroit, MI 48206
1818 sqft | 2 baths | #20240039717
Browse 22 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

**OPPORTUNITY** Investors, here is your next rehab project! Turn this 2 unit property into a cash flow machine; each unit features a spacious living room, dining room, kitchen, bathroom, and 2 bedrooms! The property did have a relatively small fire in one of the upper bedrooms but the damage was contained. The property does have hardwood flooring that may be salvageable, forced air heating, and some vinyl windows in the first floor unit that could probably be saved! Sec 8 rents for a property like this should be $1,100-1,200/month per unit, with cash paying tenants paying slightly less. Located in the 48306 zip code where there are too many redevelopment and development projects to list! Quick access to M-10 so 10 minutes or less to downtown! NO SELLER FINANCING, CASH OR HARD MONEY ONLY

  • Interior Details
      • HeatingForced Air
    • Beds & Baths
      • Total Baths2.00
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Square Feet1818
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1924
  • Community and Neighborhood Details
      • ZoningResidential
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$49,900
  • Other
      • MLS #20240039717

Location

Timothy StinsonPremier Realtor | 248-933-0539
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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