Detroit, MI 48204,8510 PRAIRIE Street
$354,000
$350,000
1.1%
Est.Price: ?

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4 BD
4 BA
4,870 SqFt

8510 PRAIRIE Street Detroit, MI 48204

Est. payment /mo
SOLD DATE : 08/30/2023

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Key Details

Sold Price $354,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,870 sqft

Price per Sqft $72

Subdivision Harrahs Livernois Ave (Plats)

MLS Listing ID 20230064050

Style Other

Bedrooms 4

Full Baths 4

Year Built 1926

Annual Tax Amount $1,564

Lot Size 4,791 Sqft

Property Description

HIGHEST AND BEST MONDAY AT NOON. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 8510 PRAIRIE NESTLED ON A 4,791 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE'S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS NEWER PLUMBING AND ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4,720 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Location

State MI

County Wayne

Area Det 6-Tire - Grnfld - Livernois

Zoning Multi-Family

Interior

Heating Wall/Floor Furnace

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

Read Less


Realcomp MLS
Listed by Marta Kopania of 1st Michigan Real Estate
Bought with Max Broock, REALTORS®-Detroit

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agent

Samantha Hillery

Founder/Realtor | License ID: 6501419544

+1(248) 917-6460

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