Address
15926 Linwood St Detroit, MI
Price
$ 28,000
Property Attributes
- MLS#40044600
- TypeMulti-Family
- CountyWAYNE
- CityDetroit
- AreaDetroit
- NeighborhoodDetroit
- Zip48238
- StyleColonial
- Year Built1926
- Taxes1079
- Price$ 28,000
- Bedrooms0
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2400
- Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Hale Realty
Property Description
This is priced to sell----this home has more than meets the eye......you could actually make this a 2 3 bed units and 1 2 bed unit increasing you NOI....this is a full rehab projected to be around $35000 to 40k depending on your ability to purchase material and control of labor cost. If you are a novice or new to the game, this is not for you. Experienced investor can turn this around on the lower end and make bank! Even after the rehab and the cost of the structure you still end up with equity in the structure. Win Win!!! Remember--this is a HOLD not a FLIP---price is firm as the completed project your return will be solid--$950 to $1050 per unit and with the bonus unit another $550 per month--bringing this unit to a comfortable to a $2450 to $2700 per month or up to $32,400.00 per year ROI....How do you not win with this project? QCD only CASH ONLY--BUYER TO USE SELLERS CLOSING AGENT - Buyer to assume all back taxes and water
| Price History | |
|---|---|
| 4/17/2020 | Listed $30,000 |
| 8/15/2020 | 17% - $25,000 |
General Features
| Bathrooms | 2 |
|---|---|
| Class | MULTIFAMILY |
| Community Amenities | Pets-Allowed |
| Directions | South of Puritan and East of Livernois |
| Exterior Features | Porch |
| Financial Terms | Cash |
| Full Baths | 2 |
| Heating | Baseboard |
| Legal Description | E LINWOOD 296 R OAKMANS PURITAN PARK SUB L34 P17 PLATS, W C R 8/158 30 X 118 |
| Listing Area | Detroit (82001) |
| Municipality | Detroit |
| Originating Mls | RealComp |
| Ownership | Private |
| Parking | 3 or More Spaces, On Street |
| School District | Detroit City School District |
| Source Mls | MI Real Source |
| Status | Active |
| Status | Active |
| Structure Style | 2 Story |
| Style | Colonial |
| Subdivision | ROBERT OAKMANS PURITAN PARK (PLATS) |
| Subj To Short Sale Apprvl | No |
| Type | Multi-Family |
| Water | Public Water |
| Year Built | 1926 |
| Zoning | Multi-Family |
Interior Features
| Basement | Block, Common |
|---|---|
| Fireplace? | No |
| Fuel Type | Natural Gas |
| Total Number of Units | 2 |
Exterior Features
| Exterior | Brick |
|---|---|
| Foundation Type | Basement |
| Frontage | 40 |
| Lot Dimensions | 30.00X118.00 |
| Lot Size Area | 0.08 |
| Roads | Paved Street |
| Sewer Septic | Public At Street |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 48238
Price
Taxes
Visits
Year Built
Walkscore
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