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4357 W Philadelphia Street Detroit, MI 48204-2448
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Key Details
Sold Price $170,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,458 sqft
Price per Sqft $69
Subdivision Mi
MLS Listing ID 50153956
Sold Date 12/13/24
Style 2 Story
Bedrooms 6
Full Baths 2
Half Baths 1
Year Built 1916
Annual Tax Amount $2,129
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 3485
Property Description
Incredible opportunity on this completely renovated and remodeled 2-unit duplex with an amazing 12% cap rate (based on rents of 1,200 per unit and current taxes). These units are ready for immediate occupancy! Both units have separate entrances & utilities, 3 bedrooms and one full bath. Each unit has access to the basement through the rear stairwell. Large expansion attic for storage space. All electrical, furnaces, hot water tanks, plumbing & stainless-steel appliances are all new! Perfect for owner occupant as well, rent one unit and pay your mortgage.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Appliance Range/Oven, Refrigerator
Exterior
Exterior Feature Brick
Parking Features Detached Garage
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,FHA
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Bought with Got Key'D Realty