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5601 BUCKINGHAM Avenue Detroit, MI 48224 3281
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Key Details
Sold Price $110,000
Property Type Single Family Home
Sub Type Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,960 sqft
Price per Sqft $56
Subdivision East Detroit Development Cos Sub No 2 (Plats)
MLS Listing ID 60221521
Sold Date 06/21/23
Style 2 Story
Bedrooms 4
Full Baths 1
Abv Grd Liv Area 1,960
Year Built 1928
Annual Tax Amount $1,966
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 114.00
Property Description
HIGHEST AND BEST TUESDAY AT 5PM. LOCATED 3 MINUTES FROM INFAMOUS EAST ENGLISH VILLAGE, YOU WILL FIND 5601 BUCKINGHAM NESTLED ON A 4,356 SQUARE FOOT LOT IN THE QUIET "MORNINGSIDE" NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOAST 4 FULL BEDROOMS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS A NEWLY INSTALLED FURNACE AND HOT WATER TANK. IN ADDITION, THIS HOME HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT AND PROFESSIONALLY REFINISHED HARDWOOD FLOORS. THIS BEAUTY IS RENTED ON A 2 YEAR LEASE TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1480 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEARLY 22% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Hot Water
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Garage Yes
Building
Story 2 Story
Foundation Basement
Water Public Water at Street
Architectural Style Other
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $240
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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