$35,000
$39,900
12.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
1,493 SqFt
SOLD DATE : 10/24/2023
Key Details
Sold Price $35,000
Property Type Single Family Home
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,493 sqft
Price per Sqft $23
Subdivision Grix Home Park Sub Of Ely Pt Of Lots 3 & 4
MLS Listing ID 20230057575
Sold Date 10/24/23
Style Colonial
Bedrooms 3
Full Baths 1
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1922
Annual Tax Amount $727
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50.00 x 100.00
Property Description
Calling all investors! This property has the potential to generate positive cash flow and provide a solid return on investment over time. While it requires essential items and repairs such as a new furnace, a hot water tank, and knobs on the shower, these are improvements that can significantly increase the property's value. With these repairs completed, the home will be in better condition and more appealing to potential tenants or buyers, enabling a higher rental income or a profitable resale in the future. The location of the home is beneficial as well as Highland Park is a vibrant and up-and-coming area known for its rich history and close proximity to downtown Detroit. The city has been experiencing revitalization efforts, attracting new businesses and residents. Investing in this area allows for potential long-term growth and value appreciation as the community continues to develop. With the proper renovations and effective management, this property can offer a solid return on investment, making it an appealing prospect for investors looking to capitalize on the growth and development of the Highland Park area! BTVAI
Location
State MI
County Wayne
Area Det 6-8 Grfld-Dequindre
Direction Take Woodward North to Grixdale RT then Left
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Description No Garage
Waterfront no
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Warranty No
Level or Stories 1 1/2 Story
Structure Type Brick,Vinyl
Schools
School District Detroit
Others
Tax ID W01I005968S
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with EXP Realty LLC
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Managing Partner | License ID: 6506046014
280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States