Detroit, MI 48205,12400 BARLOW Street

$211,000

Est. payment /mo

$229,900

8.2%
Est.Price: ?

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12400 BARLOW Street Detroit, MI 48205

4 Beds

4 Baths

2,880 SqFt

SOLD DATE : 10/04/2024

Key Details

Sold Price $211,000

Property Type Multi-Family

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $73

Subdivision Gratiot Highlands Sub (Plats)

MLS Listing ID 20240043565

Style Colonial

Bedrooms 4

Full Baths 4

Year Built 1929

Annual Tax Amount $955

Lot Size 3,920 Sqft

Property Description

**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!

Location

State MI

County Wayne

Area Det 8 To Gratiot/Houston To 7

Zoning Multi-Family

Interior

Heating Forced Air

Exterior

Pool No

Waterfront no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Airport

Others

Acceptable Financing Cash, Contract, Conv. Blend Rt, Conventional, Covenant Deed, FHA, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed

Listing Terms Cash, Contract, Conv. Blend Rt, Conventional, Covenant Deed, FHA, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed

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Realcomp MLS
Listed by Century 21 Curran & Oberski
Bought with EXP Realty LLC

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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