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$ 224,000
Est. payment /mo
Active
2463 Ford Street Detroit, MI 48238
2 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251052226
Year Built 1925
Annual Tax Amount $2,436
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 35X100
Source Realcomp
Property Description
REDUCED! FULLY RENOVATED CASH-FLOW GEM NEAR BOSTON EDISON DISTRICT LOCATED JUST SIX MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, THIS EXCEPTIONAL DUPLEX AT 2463 FORD SITS NESTLED ON A 3,485 SQ. FT. LOT IN A QUIET, STABLE NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL IS AN INVESTOR'S DREAM, FEATURING SIGNIFICANT RECENT CAPITAL IMPROVEMENTS DESIGNED FOR LOW-MAINTENANCE OPERATION: EXTERIOR: BRAND NEW TEAR-OFF 40-YEAR CROWN ROOF, GUTTERS, AND TRIM. MOST WINDOWS HAVE BEEN UPGRADED TO TOP-OF-THE-LINE, MAINTENANCE-FREE, LOW-E APPOINTMENTS. SYSTEMS: BRAND NEW FURNACES AND NEWLY INSTALLED HOT WATER TANKS, BRAND NEW PLUMBING, AND UPDATED ELECTRICAL SYSTEMS ENSURE HASSLE-FREE CASH FLOW FOR YEARS TO COME. INTERIORS: TWO SPACIOUS UNITS (ONE TWO-BEDROOM, ONE THREE-BEDROOM) FEATURE FRESHLY RENOVATED BATHROOMS, NEW PAINT THROUGHOUT, AND NEWLY REFURBISHED OR CURATED HARDWOOD FLOORS. INVESTMENT HIGHLIGHTS: THIS PROPERTY OFFERS RELIABLE MONTHLY INCOME OF OVER $2,500. TENANTS ARE RESPONSIBLE FOR ALL UTILITIES EXCEPT WATER, ALLOWING THIS INVESTMENT TO GENERATE A ROBUST RETURN ON INVESTMENT OF JUST UNDER 20 PERCENT. TAXES HAVE BEEN SUCCESSFULLY REDUCED TO APPROXIMATELY $200 PER MONTH. THIS DIAMOND IS READY TO BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NOTE: NO SHOWINGS WITHOUT AN ACCEPTED FULL-LIST OFFER. LET'S CLOSE
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction N of DAVISON STREETE of LINWOOD
Exterior
View Y/N No
Building
Structure Type Vinyl Siding
Schools
School District Detroit
Others
Tax ID W10I004436S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Realtyflo Inc