1200 LENOX Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48215
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 2,473 sqft
Price per Sqft $79
Subdivision Jefferson & Mack Ave Sub (Plats)
MLS Listing ID 20240078639
Bedrooms 2
Year Built 1922
Annual Tax Amount $2,241
Lot Size 3,920 Sqft
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 Det: Mcclellan East/Mack To Shor
Zoning Multi-Family
Exterior
Pool No
Waterfront no
Building
Sewer Sewer at Street
Water Water at Street
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $340
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Full Service