MI > Hazel Park > Hazel Park
Hazel Park, MI 48030,449 W Evelyn Avenue
Hazel Park, MI 48030,449 W Evelyn Avenue
Hazel Park, MI 48030,449 W Evelyn Avenue
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Sherie Berry

Sherie Berry

Homes by Hazard

+1(616) 581-3294
$190,000
Est. payment /mo
2 Baths
3,049 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Hazel Park

Subdivision Hazel Park

MLS Listing ID 20251057915

Year Built 1925

Annual Tax Amount $3,287

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 30X107.5

Source Realcomp

Property Description

This charming multi-family home located at 449 W Evelyn Ave, Hazel Park, MI, built in 1925, is full of character and potential, now offering an immediate, solid return on investment.Investor Highlights:Fully Occupied & Income-Producing: Both units are currently rented, generating a total gross monthly income of $2,000 ($24,000 annually).Approximate Investment Yield: Based on a list price of $190,000 (MLS# 20251057915), the gross annual rental income represents an approximate 12.6% Gross Cap Rate ($24,000 / $190,000). This calculation does not include operating expenses (taxes, insurance, utilities, maintenance, etc.) and is provided for preliminary financial comparison.The property features 2 bathrooms and a total finished area of 1,134 sq.ft. The home spans 2 stories and sits on a lot size of 3,049.2 sq.ft., providing plenty of outdoor space for relaxing and entertaining.With its vintage charm and spacious layout, this property offers a unique and compelling opportunity for seasoned investors or those looking to begin their real estate portfolio. The home's central location in Hazel Park provides easy access to local amenities, popular restaurants, and neighborhood parks.Don't miss out on this historic, income-generating gem – schedule a showing today to see all that this property has to offer!

Location

State MI

County Oakland

Area Oakland County - 70

Zoning Residential

Direction From I-75 Southbound:Take Exit 55 toward 9 Mile Rd.Turn Left onto E 9 Mile Rd (Eastbound).Travel about 0.5 miles and turn Right onto John R Rd.Travel about 0.8 miles and turn Right onto W Evelyn Ave.The destination will be on your Right.From I-75 Northbound:Take Exit 54 for 8 Mile Rd.Turn Right onto E 8 Mile Rd (Eastbound).Travel about 0.5 miles and turn Left onto John R Rd.Travel about 0.8 miles and turn Left onto W Evelyn Ave.The destination will be on your Right.

Rooms

Basement Slab

Exterior

View Y/N No

Building

Water Public

Structure Type Vinyl Siding

Schools

School District Hazel Park

Others

Tax ID 2535406003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Andover Real Estate dba Houzeo Michigan

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Sherie Berry

Sherie Berry

+1(616) 581-3294

Agent | License ID: 6501452737

Agent License ID: 6501452737

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