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2910 TUXEDO Street Detroit, MI 48206
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Key Details
Sold Price $149,900
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 2,266 sqft
Price per Sqft $66
Subdivision Tuxedo Addition Sub (Plats)
MLS Listing ID 20221056478
Year Built 1923
Annual Tax Amount $1,350
Lot Size 4,356 Sqft
Property Description
MULTIPLE OFFER SITUATION HIGHEST AND BEST MONDAY AT 5PM. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2910 TUXEDO NESTLED ON A 4,258 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX CONSISTS OF 2 RECENTLY REMODELED 2 BED ROOM UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS NEWLY INSTALLED FURNACE'S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THE UNITS ARE BOTH TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE $2440 PAID BY SECTION 8 THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 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: Livernois-I75 6-Gd River
Zoning Multi-Family
Building
Sewer Sewer at Street
Water Water at Street
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $340
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Full Service
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Bought with EXP Realty LLC