4631 Meldrum Street new

Detroit,MI 48207

$ 50000

4 Beds

2 Baths

2282 SqFt


Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,282 sqft

Price per Sqft $21

MLS Listing ID 20240081804

Style Colonial

Bedrooms 4

Full Baths 2

Originating Board Realcomp

Year Built 1905

Annual Tax Amount $526

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 30.00 x 200.00

Property Description

****Buy and hold, investor special, also Land Contract available***Great opportunity in a booming neighborhood. Occupancy status is unknown to the seller. ARV of 240,000."12.5 million was awarded to Detroit from USDOT and the state of Michigan to make the Gratiot corridor from 8 Mile Road to Downtown Detroit safer. - Sep 25, 2024."Land Cntrt Price: 60,000 / Land DWP: 30,000 / Land Int Rate: 0 / Land Payment: 1,000 / Land Cntrt Term: 30.This is part of a package deal or can be purchased separately. Other 2 from the package are 19662 Mitchell St, Detroit, and 18036 Mackay St, Detroit (Mackay St went under contract within a day). 2 remaining properties can be purchased as a package deal for 75,000 cash or on a Land Contract for 85,000 w/ 45,000 down and 2,000 a month for 20 months. Total ARV for the remaining 2 is 300,000 plus.

Location

State MI

County Wayne

Area Wayne County - 100

Direction Gratiot Ave / Mt Elliott St

Interior

Heating Hot Water

Exterior

Garage Detached

Garage Spaces 1.0

Waterfront No

View Y/N No

Parking Type Detached

Garage Yes

Building

Story 2

Architectural Style Colonial

Structure Type Aluminum Siding

Others

Tax ID W15I013668S

Acceptable Financing Cash,Contract

Listing Terms Cash,Contract

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