4 Beds
4 Baths
3,534 SqFt
4 Beds
4 Baths
3,534 SqFt
Key Details
Property Type Multi-Family
Sub Type Colonial
Listing Status Accepting Backup Offers
Purchase Type For Sale
Square Footage 3,534 sqft
Price per Sqft $99
Subdivision Albert Hesselbacher & Joseph S Visgers (Plats)
MLS Listing ID 20240087709
Style Colonial
Bedrooms 4
Full Baths 4
Originating Board Realcomp II Ltd
Year Built 1925
Annual Tax Amount $61
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 129.00
Property Sub-Type Colonial
Property Description
Appraised well over asking at $420,000
Monthly Gross Rent: $3,975
($1,025 + $950 + $950 + $1,050)
Water: $1,100/year
Taxes: Under $1,000/year
Maintenance: Estimated $1,000/year
Current Net Operating Income (NOI): ~$44,900
Current CAP Rate: ~10.7%
Each unit is separately metered, tenants pay their own gas and electric, and there's off-street parking, a shared backyard, and strong curb appeal that's rare to find at this level of finish.
Upside Potential? Rents are solid now but under the market for updated 2-bed units in the area. With strategic rent increases over time or short-term rental opportunities, your cash flow could go from good to great.
Whether you're an investor looking to grow your portfolio or a savvy buyer ready to live in one unit and let the others pay the mortgage — this one checks every box.
Location
State MI
County Wayne
Area Det: 6-Mack I75-Conner
Zoning Multi-Family
Direction E. Of Cadillac, N. Of Warren
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Road Frontage Paved
Garage yes
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W19I005904S
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Agent | License ID: 404566