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$ 290,000
Est. payment | /mo
5 Baths
5,227 Sqft Lot
$ 290,000
Est. payment | /mo
5 Baths
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240067092
Originating Board Realcomp
Year Built 1928
Annual Tax Amount $821
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 25.00 x 215.00
Property Description
Located 8 minutes from the infamous East English Village District, you will find 17129 Westphalia nestled on a 5,357 square foot lot in a quiet neighborhood of homeowners. This crown jewel boasts a brand new roof to ensure repeat dividends for many years to come. Your apartment complex consists of 5 recently remodeled 1 bed room units. Each unit has been upgraded and has entirely brand new electrical and plumbing to insure maintenance free cash flow. Furthermore the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint and brand new carpet with top of the line underlayment. 3 of the 5 units are leased to section 8 tenants and the monthly dividends are 3,007 all paid by section 8. The tenants pay all utilities, which allows this complex to maintain a near 29 print cash on cash return. This Diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Westphalia & Mchnicholas
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I031967S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by 1st Michigan Real Estate
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Tricia Carlson
REALTOR® | Lic# 6506048426