$200,000
$175,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
15824 STEEL Street Detroit, MI 48227
2,589 SqFt
Key Details
Sold Price $200,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 2,589 sqft
Price per Sqft $77
Subdivision Mills & Knebushs Burger( Plats)
MLS Listing ID 20221051445
Sold Date 10/18/22
Originating Board Realcomp II Ltd
Year Built 1929
Annual Tax Amount $1,482
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 36.00 x 107.00
Property Description
MULTIPLE OFFER SITUATION! HIGHEST AND BEST DUE BY SATURDAY AT NOON Located just 7 minutes from. infamous Bagley and University District, you will find 15824 steel Nestled on a 3,933 square foot lot in a quiet neighborhood of homeowners. This crown jewel duplex consists of 2 recently remodeled 3+ bed room units, While boasting a brand new roof with 40 year high definition shingles. Each unit has been upgraded with has newly installed heating system and hot water tank. In addition, each unit has brand new electrical and plumbing to insure maintenance free cash flow. Furthermore, the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint, top of the line wall to wall carpet and premium underlayment. The units are freshly leased as of 10-1-2022 two section 8 tenants and the monthly dividends are paid by section 8 as follows: $1595 and $1499. The tenants pay all the utilities, which allows this complex to maintain a near 22% cash on cash return. Property taxes have been reduced to roughly $100 per month. This Diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Multi-Family
Direction Meyeres & Puritiain
Interior
Heating Hot Water
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I022376S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Amin Realty