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Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 224,900

Est. payment -/mo

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Price Dropped by $10K

291 ENGLEWOOD Street Detroit, MI 48202

2 Beds

2 Baths

2,609 SqFt

UPDATED:

09/16/2024 06:05 PM

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Active

Purchase Type For Sale

Square Footage 2,609 sqft

Price per Sqft $86

Subdivision Hunt & Leggetts Sub (Plats)

MLS Listing ID 20240061483

Style Colonial

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1910

Annual Tax Amount $2,273

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 30.00 x 123.00

Property Description

This property presents an outstanding investment opportunity in the highly sought-after Arden Park and North End areas of Detroit. The duplex currently generates a solid rental income of 1,000 per month for each unit, with leases set to end on December 31st, 2024, for Unit 1 and October 31st, 2024, for Unit 2. With market rents in the area ranging between 1,200 and 1,400 per unit, there is significant potential for increased revenue. The property itself has been thoughtfully remodeled to combine modern amenities with its original charm. It features beautifully preserved original hardwood floors throughout, giving the space a warm and inviting feel. The updated kitchen boasts newer countertops, providing a fresh and contemporary look. Additionally, the property benefits from newer plumbing and heating systems, ensuring both comfort and reliability for tenants. Each unit features 2 bedrooms, with access to a washer and dryer in the basement. Additionally, the property includes an attic that can easily be converted into a third bedroom or loft space. Situated in a prime location, this duplex is just a stone?s throw away from North End developments, the historic Boston Edison district, and the picturesque Arden Park neighborhood. Moreover, it offers easy access to the vibrant communities of Midtown, New Center, and Downtown Detroit, making it an attractive option for tenants seeking a central and convenient location. Whether you're looking to expand your rental portfolio or seeking a long-term investment with upside potential, this property is well worth considering.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Residential

Direction Take I-96 To M-10. Exit On Oakland Ave And Make A Left At The Light. Turn Right On Englewood And The House Is On Your Right-Hand Side About 0.5 Miles Down

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Pool No

Waterfront no

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 3 Story

Structure Type Vinyl

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W01I003584S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash, Conventional

Rebuilt Year 2022

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by KW Professionals

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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