$499,000 $2,679 est/mo Sourced by Back At You

506 Westminster Street,Detroit, MI 48202

Detroit MI, 48202

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Description

3/4 occupied. Nestled in Detroit's North End neighborhood, this fully leased quadplex is the perfect purchase for a savvy investor. Building received gut renovation in 2017. All 3 bed, 1 bath units have new plumbing, electrical, HVAC, Flooring, roofing, etc. Each unit has a dishwasher Washer dryer and storage in basement. Includes 2 gated off street parking. With a gross annual income of $58,080, this property is the perfect purchase for a savvy investor. Less than 10 minute drive to downtown Detroit, and a 5 minute drive to midtown, this investment opportunity is uniquely rare and one to take advantage of. Newly renovated quadplexes in the most desired neighborhoods in Detroit are moving quickly.

Details

MLS#24020988
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1910
Days On Site59
Listing Provided ByPrep Realty | Ishma D Best
Buying Commision2.5
Listing Commission$350.00

Features

BasementY
Units4
Building(s)1
Acreage0.13

Market Activity 48202

MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Michigan Regional Information Center.

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Listings Checked: 2 minutes ago
StateMI
CountyWayne
CityDetroit
Zip Code48202
AreaWayne County 100
Subarea100
School DistrictDetroit
Listing VS Median (in 48202)
Price:
$499,000
low | high
Med:
$142,400
100% of Average
On Site:
59
low | high
Med:
30.5
100% of Average
Sourced by Back At You
Listing Updated: May 28, 2024 at 4:05:51 PM PDT