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Additional details

Downtown Realty

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

$ 280,000

Est. payment -/mo

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Price Dropped by $20K

3240 Richton Street Detroit, MI 48206

4 Beds

4 Baths

5,040 SqFt

UPDATED:

09/27/2024 06:18 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,040 sqft

Price per Sqft $55

Subdivision Linwood Heights (Plats)

MLS Listing ID 20240064759

Style Quadruplex

Bedrooms 4

Full Baths 4

Originating Board Realcomp II Ltd

Year Built 1925

Annual Tax Amount $3,117

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 53.00 x 121.00

Property Description

This is the best DEAL you will find. Recently appraised for $380,000 in 2023 when it was complete. Property is partially finished but needs to be completed again. Seller estimates 30-50k repairs needed. CASH ONLY. This can potentially provide INSTANT EQUITY! Seller will consider making additional improvements prior to closing but would prefer to sell AS IS. Schedule your showing today! This property has great potential with a rare 4 unit all 4 bedrooms each to provide excellent cash flow to the savy investor once filled.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Direction S of Davison and E of Dexter Ave

Rooms

Basement Unfinished

Interior

Interior Features Security Alarm (rented)

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Porch Balcony, Porch - Covered, Patio, Porch, Patio - Covered

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Quadruplex

Level or Stories 3 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W12I003780S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Listed by Elementary Homes LLC

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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