$311,575
$325,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
2,262 SqFt
SOLD DATE : 05/08/2024
Key Details
Sold Price $311,575
Property Type Multi-Family
Sub Type Colonial,Common Entry Building,Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,262 sqft
Price per Sqft $137
Subdivision Marks & Mahoney Sub No 1-G.Pte Wds
MLS Listing ID 20240021089
Sold Date 05/08/24
Style Colonial,Common Entry Building,Upper/Lower Apartment
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1953
Annual Tax Amount $9,471
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50.00 x 140.00
Property Description
Looking for a turn-key rental/income producing investment property, this is the perfect situation! BOTH UNITS TENANT OCCUPIED MONTH-TO-MONTH ON LEASE HOLDOVERS. Great tenants (pay rent on time and pay for their own utilities) would love to stay for a new landlord, but not locked into a lease if someone wanted to buy to owner occupy a unit. Total rent $2700 per month. ( UPPER UNIT IS $1400/MONTH. LOWER UNIT WAS DISCOUNTED TO $1300/MONTH BECAUSE THEY HAD ENTERED INTO A 2 YEAR LEASE AT THE ONSET AND HAD A STELLAR LONG-TERM RENTAL HISTORY AT PREVIOUS ADDRESS.) Could easily be higher but current owners love these great tenants and have not raised rent on them. Beautiful, super clean, upper/lower apartments each with 1150 square feet, two bedrooms/1 bath. Beautifully refinished hardwood floors throughout each. Fireplace in each unit. Updated vinyl windows (2014) and blinds t/o. New roof (2019). Newer furnaces (2) and a/c (2) in July of 2021. Separete utility meters. Per original lease, tenants pay all utilities including water split between units. Lower unit kitchen remodeled with ceramic tile floors, white appliances including diswasher, white cabinets, granite counters & subway tile backsplash. Direct entry to the kitchens in both units from the hall. Baths in both units with updated vanities and quartz vanity counters. Upper unit has a walkin storage closet in the hall adjacent to the unit. Common shared basemnt is divided with separate fenced storage and laundry areas. Two car shared garage. Owner is in the process of renewing the 2-year rental certification through the city and will provide C OF O at closing. New owner must just register to transfer the rental cert in their name. DID I SAY THESE ARE GREAT TENANTS??? Nothing to do but close and start collecting rents:)
Location
State MI
County Wayne
Area Grosse Pointe Woods
Zoning Multi-Family,Residential
Direction NORTH SIDE OF VERNIER, WEST OF MACK
Rooms
Basement Interior Entry (Interior Access), Unfinished, Common
Interior
Interior Features Smoke Alarm, Carbon Monoxide Alarm(s), Other, High Spd Internet Avail
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Lighting, Fenced
Garage Spaces 4.0
Waterfront no
Porch Porch - Covered, Porch
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial, Common Entry Building, Upper/Lower Apartment
Level or Stories 2 Story
Structure Type Brick
Schools
School District Grosse Pointe
Others
Pets Allowed Yes
Tax ID 40003080021002
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2021
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with KW Metro
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280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States