Detroit, MI 48210,7226 AMERICAN Street
$42,000
$39,900
5.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6 BD
2 BA
2,654 SqFt

7226 AMERICAN Street Detroit, MI 48210

Est. payment /mo
SOLD DATE : 08/03/2023

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $42,000

Property Type Single Family Home

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,654 sqft

Price per Sqft $15

Subdivision Dovercourt Park (Plats)

MLS Listing ID 20230036302

Style Colonial

Bedrooms 6

Full Baths 2

Year Built 1923

Annual Tax Amount $1,292

Lot Size 3,920 Sqft

Property Sub-Type Colonial

Property Description

Welcome to this fantastic income property in the heart of Detroit! This hidden gem is bursting with potential and is eagerly awaiting the right buyer to complete its transformation into a lucrative cash cow. With the rough-ins already completed, you're one step closer to reaping the rewards of this investment opportunity. It's a handyman special that can build tons of sweat equity.

The plumbing rough-in has been expertly finished, setting the foundation for the property's functionality. Additionally, a partial upgrade to the electrical system has been undertaken, ensuring safety and modernization. Many new windows have been thoughtfully installed, offering abundant natural light and enhancing the property's curb appeal.

One of the most exciting features of this property is the unfinished attic, which is connected to the second-floor unit. With some vision and effort, it could be transformed into a charming living space, adding considerable value to the second unit. The possibilities for this attic conversion are limited only by your imagination.

The second unit itself boasts three bedrooms, with one wall currently demolished between two of them. This wall can easily be rebuilt, restoring the unit to its original three-bedroom configuration. This flexibility allows you to customize the space to suit your needs or the preferences of potential tenants.

While this property requires an investor to bring it to its full potential for a landlord and tenant situation, each unit already has separate access to their basements, ensuring privacy and convenience for both occupants. Additionally, the gas and electric utilities are already separated, simplifying future management and facilitating accurate billing. There is a single water meter for the property, streamlining maintenance and reducing costs.

This house, with its unfinished project awaiting the right buyer, presents a unique opportunity for those with a discerning eye for potential. Detroit's real estate market is thriving, come get some.

Location

State MI

County Wayne

Area Det South Of Grand River

Interior

Heating Forced Air

Exterior

Parking Features Detached

Garage Description 2 Car

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Assessment Amount $340

Acceptable Financing Cash

Listing Terms Cash

Read Less


Realcomp MLS
Listed by Dylan Tanaka of EXP Realty LLC
Bought with EXP Realty LLC

GET MORE INFORMATION

agent

Samantha Hillery

Founder/Realtor | License ID: 6501419544

+1(248) 917-6460

Name
Phone*
Message