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    3224 Monterey Street

    Detroit, MI 48206
    • $180,000
    • STATUS: Accepting Backup Offers
    • ON SITE: 198 days
    • ID#: 2210016477
    Under Contract
    UPDATED: 35 min ago
    $180,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 4,880
      SQFT
    • $37
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:
    Zoning:
    Multi-Family
    Lot Size Dimensions:
    53.00X121.00

    School Ratings & Info

    School District:

    Description

    One of a kind investment property opportunity located in the Dexter and Davison corridor, minuets away from the Russell Woods Sullivan neighborhood, Zussman & Nardin Park. The City of Detroit is investing millions into this area for revitalization of the community and surrounding businesses. With access to all major freeways and interstates, this multi-family unit is the perfect idea for a (new or experienced) investor or an "owner-occupied" investor. Endless space and opportunity, this property can be converted into an AirBnB or remodeled into nice and simple style apartments, town homes or condos. Side lot is included in the sale of this property for a potential parking lot. Residual rental gross income estimated $31,200.00 annually. Longtime private owner, highly motivated. Property is Tenant Occupied "DO NOT DISTURB". Property sold "AS IS". BAVAI. Send All Offers to MrRamseyTheRealtor@Gmail.Com.

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    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than NextHome Showcase are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-26T23:58:57.923.
    www.nexthomeshowcase.com/homes/115046954
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    3224 Monterey Street Detroit, MI 48206

    • Price: $180,000
    • Status: Accepting Backup Offers
    • Updated: 35 min ago
    • ID#: 2210016477
    0
    Beds
    4
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,880
    SQFT
    $37
    $/SQFT
    1924
    Built
    Neighborhood:
    Linwood Heights (Plats)
    County:
    Wayne
    Area:
    Det: Livernois-i75 6-gd River
    School District:
    DETROIT
    Property Description
    One of a kind investment property opportunity located in the Dexter and Davison corridor, minuets away from the Russell Woods Sullivan neighborhood, Zussman & Nardin Park. The City of Detroit is investing millions into this area for revitalization of the community and surrounding businesses. With access to all major freeways and interstates, this multi-family unit is the perfect idea for a (new or experienced) investor or an "owner-occupied" investor. Endless space and opportunity, this property can be converted into an AirBnB or remodeled into nice and simple style apartments, town homes or condos. Side lot is included in the sale of this property for a potential parking lot. Residual rental gross income estimated $31,200.00 annually. Longtime private owner, highly motivated. Property is Tenant Occupied "DO NOT DISTURB". Property sold "AS IS". BAVAI. Send All Offers to MrRamseyTheRealtor@Gmail.Com.
    Exterior Features

    Architecture Level 2 Story Architecture Style Other Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 53.00X121.00 Pool YN No Road Frontage Type Paved Waterfront YN No

    Interior Features

    Basement Type Unfinished Basement YN Yes Baths Total 4.00 Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 4880 Sq Ft Total Basement 1600 Unit Efficiency Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 4

    Property Features

    Assessment 340 Deposit Amount 60000.00 Encroachment YN No Gross Scheduled Income 31200.00 Income Projection Projected Land Contract YN Yes Land Interest Rate 5 Land Payment 2100 Land Terms 60 Legal Rental Certified YN No Listing Financing CashConventionalLand ContractWarranty Deed Monthly Rental Income 650 Net Operating Income 27120.00 Number Of Units Leased 4 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 60 Day Restrictions YN No Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 1351.0000 Tax Amount Winter 119.0000 Title Private - Owned Total Tax 1470.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 3224 MONTEREY ST Water Source Municipal Water Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Front Page Properties and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than NextHome Showcase are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-26T23:58:57.923.
     
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