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503 ALGER Street Detroit, MI 48202
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Key Details
Sold Price $480,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,588 sqft
Price per Sqft $63
Subdivision Beamer & Fraers Sub (Plats)
MLS Listing ID 20240007747
Style Colonial
Bedrooms 8
Full Baths 9
Year Built 1918
Annual Tax Amount $1,772
Lot Size 7,840 Sqft
Property Sub-Type Colonial
Property Description
If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Interior
Heating Radiant
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
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Bought with Coldwell Banker Professionals-GPF