Detroit, MI 48215 3704,1200 LENOX Street
Detroit, MI 48215 3704,1200 LENOX Street
Detroit, MI 48215 3704,1200 LENOX Street
33
$195,000
$197,000
1.0%
Est.Price: ?

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2,473 SqFt

1200 LENOX Street Detroit, MI 48215 3704

Est. payment /mo
SOLD DATE : 12/03/2024

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Key Details

Sold Price $195,000

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,473 sqft

Price per Sqft $78

Subdivision Mi

MLS Listing ID 60347903

Sold Date 12/03/24

Annual Tax Amount $2,241

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 35.00 x 109.00

Property Description

LOCATED 3 MINUTES FROM HISTORIC JEFFERSON CHALMERS AND 6 MINUTES FROM GROSSE POINTE, YOU WILL FIND 1200 LENOX NESTLED ON A 3,789 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS BRAND NEW WINDOWS AND HAS NEW ELECTRICAL + PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 3250. THESE TENANTS COVERS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PER. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 196 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)

Zoning Multi-Family

Building

Water Public Water at Street

Structure Type Brick

Others

Ownership Private

Assessment Amount $340

Energy Description Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by 1st Michigan Real Estate
Bought with Match Realty

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agent

David Wietecha

Agent | License ID: 6501453131

+1(586) 722-6737

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