$ 275,000
414 HORTON Street Detroit, MI 48202 3116
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$ 275,000
Est. payment /mo
Price Dropped by $20K
414 HORTON Street Detroit, MI 48202 3116
3 Baths
2,581 SqFt
UPDATED:
10/24/2024 05:49 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,581 sqft
Price per Sqft $106
Subdivision Mi
MLS Listing ID 60335020
Full Baths 3
Year Built 1906
Annual Tax Amount $1,655
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30.00 x 100.00
Property Description
Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Common
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Waterfront No
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $240
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by @properties Christie's Int'l R.E. Detroit