21
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$89,900
Est. payment /mo
6 Baths
3,220 SqFt
Active
1473 TAYLOR Street Detroit, MI 48206 2029
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $27
Subdivision Mi
MLS Listing ID 60359102
Full Baths 6
Year Built 1916
Annual Tax Amount $51
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 54.00 x 127.00
Property Sub-Type Multi-Family
Property Description
**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water, Public Water at Street
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Leading Edge