$365,000 for Sale

2638 richton street, detroit, MI 48206

Property Description
REDUCED. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2638-2640 RICHTON NESTLED ON A 6,534 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND 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 BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW HARDWOOD OR CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,301 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 PER. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 200 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!
General Information
Sale Price: $365,000
Price/SqFt: $76
Status: Active
MLS#: rcomi20240062981
Originating MLS: Realcomp2
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.15
Lot Dimensions: 53.00 x 121.00
Size: 4,800 sq.ft.
Acreage: 0.15 est.
Year Built: 1925
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $1,431
Est. Winter Taxes:  $141


IDX provided courtesy of Realcomp II Ltd. via Crown Real Estate Group and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Marta Kopania of 1st Michigan Real Estate, Phone:
(810) 937-7826 Call DeQuinda Coffee for more information about this property.

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