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$ 650,000
Est. payment /mo
Price Dropped by $49K
1531 W Warren Avenue Detroit, MI 48208
7,405 Sqft Lot
UPDATED:
12/17/2024 04:38 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70439568
Year Built 1911
Annual Tax Amount $20,067
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 129 x 28
Property Description
Located on a beautiful tree-lined block in the highly sought-after Woodbridge neighborhood, this 4-unit property is a prime investment opportunity. Each unit features 1 bedroom and 1 bathroom, offering cozy living spaces perfect for tenants looking to be near the heart of Detroit. With its proximity to Wayne State University, Henry Ford Hospital, Detroit Medical Center, and vibrant local restaurants, shops, and parks, this property is a magnet for tenants.Three of the four units are currently rented, generating a strong monthly income of over $4,000 when fully occupied. This property is ideal for investors seeking steady cash flow in a desirable area with high rental demand.Don't miss this chance to own a multi-unit gem in one of Detroit's most thriving neighborhoods!
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Prep Realty
