Detroit, MI 48224,5104 HAVERHILL Street

$152,500

$165,000

7.6%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,920 SqFt


SOLD DATE : 08/14/2023

Key Details

Sold Price $152,500

Property Type Multi-Family

Sub Type Upper/Lower Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 1,920 sqft

Price per Sqft $79

Subdivision East Detroit Development Cos Sub No 2 (Plats)

MLS Listing ID 20230059660

Sold Date 08/14/23

Style Upper/Lower Apartment

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1928

Annual Tax Amount $1,216

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 40.00 x 114.00

Property Description

Welcome to this fantastic investment opportunity in Detroit! The current owner is already benefiting from a steady rental income of $2,000 per month, with one long term tenant already in place in the lower unit and another scheduled to move into the upper unit on 8/1.
The lower unit's furnace was replaced just 5 years ago, while the upper unit has been upgraded with brand new windows, a furnace, and a hot water tank, providing the tenants with modern comforts and helping to reduce maintenance costs. The roof was replaced 4 years ago, ensuring the longevity of the structure and offering peace of mind to the savvy investor.
Beyond the practical updates and well-maintained features, this duplex reflects pride of ownership and is beautifully kept throughout, creating a welcoming and comfortable environment for the tenants.
Both current tenants are delighted with their living arrangements and express their desire to continue their lease, making this an easy transition for the new owner.
Whether you are an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this duplex in Detroit promises to be an excellent addition to your investment strategy. Take advantage of this incredible chance to own a cash-flowing property with immediate returns and a bright future. Don't miss out – schedule a showing today and secure your foothold in Detroit's thriving real estate market!

Location

State MI

County Wayne

Area Det Con-Mors/Grat. Hstn/7 Mack

Zoning Multi-Family,Residential

Direction S Whittier W Chandler Park

Rooms

Basement Unfinished

Interior

Heating Hot Water

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Pool No

Porch Porch

Road Frontage Paved

Garage 1

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Upper/Lower Apartment

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W21I070049S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Good Company
Bought with Clyde Realty LLC
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shane@thesateam.com

130 W 5th Ave, Oak, MI, United States

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