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$54,900
Est. payment /mo
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20240090309
HOA Y/N true
Originating Board Realcomp
Year Built 1916
Annual Tax Amount $26
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30.00 x 127.00
Property Description
**OPPORTUNITY** This 2 unit Virginia Park multi-family is ready for its new owner to come restore it to its former glory! Located down the block from local community hotspot The Congregation, the location doesn't get much better than this! The property features a 2-bedroom unit in the lower floor and a 3 bedroom unit for the upper floor, and there is also an extension off the rear that could be reconfigured to create a true primary bedroom in each unit. The property does retain its original hardwood floors that will need to be refinished and otherwise requires a full rehab. The units should rent for $1,450-1,600/month and the ARV is in the range of $300-350K depending on the quality of the rehab. Multiple properties on the same block have been recently completely renovated as well!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction From Rosa Parks Blvd turn East on Taylor
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W08I002573S
Acceptable Financing Cash
Listing Terms Cash
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Listed by RE/MAX Leading Edge