Wyandotte, MI 48192,2322 3RD Street

$195,000

$182,500

6.8%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,360 SqFt


SOLD DATE : 05/02/2024

Key Details

Sold Price $195,000

Property Type Multi-Family

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 1,360 sqft

Price per Sqft $143

Subdivision Northside Sub

MLS Listing ID 20240017754

Sold Date 05/02/24

Style Colonial

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1920

Annual Tax Amount $4,669

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35.00 x 120.00

Property Description

Highest and Best Due 3/27 at 11am.

Great Investment Opportunity! Discover the perfect blend of comfort, convenience, and investment potential with this charming duplex nestled in the heart of Wyandotte. This unique offering is ideal for both investors and homebuyers, featuring two units, each with 2 bedrooms and 1 bathroom. These arrangements ensure ample space and privacy for occupants, making it an attractive proposition for a variety of needs. The property boasts brand new windows (2023) and a recently renovated upper unit that radiates modern living charm with its fresh and inviting atmosphere, while the first floor is currently occupied, providing immediate cash flow from the get-go. Adding to the convenience is a shared laundry facility in the basement, catering to all domestic needs without leaving the comfort of home. Situated just minutes from the renowned Henry Ford Hospital, the vibrant downtown Biddle Avenue, and within a short walk to local restaurants and bars, the location of this property promises an unbeatable lifestyle of convenience and entertainment. The previous rental history of the upper unit at $1,000 per month highlights the property's evident investment upside, showcasing substantial cash flow opportunities coupled with long-term value appreciation prospects. This duplex represents more than just a home; it's a smart investment into your future. The unique setup allows for an owner-occupant to reside in the beautifully renovated upper unit while enjoying the financial benefits generated by the income from the lower tenant. This can significantly offset mortgage payments, essentially allowing you to live for free while building equity in your investment. Embrace the opportunity to live in a vibrant community, enjoy proximity to top local amenities, and capitalize on the financial benefits this property offers. This rare find in Wyandotte is not to be missed.

Location

State MI

County Wayne

Area Wyandotte

Zoning Multi-Family

Direction Biddle to Mulberry, Head West to 3rd.

Rooms

Basement Unfinished

Interior

Interior Features Smoke Alarm, Carbon Monoxide Alarm(s), Circuit Breakers, ENERGY STAR® Qualified Window(s), Laundry Facility, High Spd Internet Avail, Programmable Thermostat

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Exterior Feature Chimney Cap(s), Lighting, Fenced

Garage Spaces 2.0

Waterfront no

Roof Type Asphalt,Composition

Porch Balcony

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal), Water at Street

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Aluminum

Schools

School District Wyandotte

Others

Pets Allowed Yes

Tax ID 57012070010000

Ownership Broker/Agent Owned,Short Sale - No

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

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Realcomp MLS
Listed by Troy Puste of EXP Realty
Bought with KW Advantage

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JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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