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5003 WHITFIELD Street Detroit, MI 48204
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Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,964 sqft
Price per Sqft $67
Subdivision Dailey Park Sub (Plats)
MLS Listing ID 20230037821
Style Other
Bedrooms 2
Full Baths 2
Year Built 1923
Annual Tax Amount $1,259
Lot Size 4,356 Sqft
Property Description
HIGHEST AND BEST MONDAY AT NOON. LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 5003 WHITFIELD NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH A NEWLY INSTALLED FURNACE 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1595 AND $1532 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 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 South Of Grand River
Zoning Multi-Family
Interior
Heating Hot Water
Exterior
Garage Spaces 2.0
Building
Foundation Basement
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
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Bought with EXP Realty LLC