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Downtown Realty

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

$ 197,000

Est. payment -/mo

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1200 LENOX Street Detroit, MI 48215

2 Beds

2,473 SqFt

UPDATED:

10/17/2024 04:12 AM

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

Originating Board Realcomp II Ltd

Year Built 1922

Annual Tax Amount $2,241

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 35.00 x 109.00

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

Direction Kerchevel & Lenox

Interior

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Road Frontage Paved

Building

Sewer Sewer at Street

Water Water at Street

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I049612S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Listed by 1st Michigan Real Estate

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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