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Downtown Realty

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

$ 128,500

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2748-2750 WEBB Street Detroit, MI 48206

2 Beds

2 Baths

3,528 SqFt

UPDATED:

10/19/2024 05:11 PM

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Active

Purchase Type For Sale

Square Footage 3,528 sqft

Price per Sqft $36

Subdivision Webb Avenue Sub (Plats)

MLS Listing ID 20240079266

Style Colonial

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1923

Annual Tax Amount $1,563

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 66.00 x 123.00

Property Description

Great Investment Opportunity ? Subject to Existing Mortgage! This spacious 5-bed, 2-bath multi-family home with a garage offers incredible potential for the savvy investor. While the home features dated windows, furnace, and hot water system, and requires updates to the knob and tube wiring, there are no structural issues. The roof, only 5 years old, adds significant value. Priced with an existing mortgage balance of $98K, the property has an After Repair Value (ARV) of $200K, making it a strong investment with mainly cosmetic and electrical updates needed. The flexible layout includes two kitchens, making it ideal for a multi-family setup. Located in Detroit's historic Dexter-Linwood neighborhood, right off Dexter Ave, this home is close to the Boston-Edison Historic District, New Center, the Detroit Golf Club, and major roadways like the John C. Lodge Freeway and Livernois Avenue, providing quick access to downtown Detroit. Don?t miss this fantastic investment opportunity! FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family,Residential

Direction E Linwood/S of Elmhurst

Rooms

Basement Unfinished

Interior

Interior Features Laundry Facility

Hot Water Natural Gas

Heating Forced Air, Hot Water

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Exterior Feature Lighting

Garage Spaces 2.0

Pool No

Waterfront no

Roof Type Asphalt

Porch Porch

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W10I003216S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Listed by Wise Property Buyers

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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