Share this with your friends
+15868545396
Community Choice Realty
17328 Indiana Street, Detroit, MI 48221 2403
- $179,500
- 2
- BA
- 2,321
- SqFt
- List Price
- $179,500
- Status
- ACTIVE
- MLS#
- 61000353
- Days on Market
- 122
- Style
- Colonial
- Year Built
- 1928
- Price Change
- ▼ $10,500 1785371836
- Bathrooms
- 2
- Acres
- 0.11
- Living Area
- 2,321
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Santa Maria Park Sub
Property Description
SHOWN UPON ACCEPTED OFFER ONLY. Solid brick 2-unit duplex, fully leased and professionally managed. One unit is 3 bed/1 bath, the other 2 bed/1 bath, plus basement. Rents today total $1,649/mo, well below market. At market rent of approx $1,200/unit, the projected cap rate is approx 6.5% (est. after actual taxes of $8,286/yr, 10% vacancy, 10% management, insurance and reserves; buyer to verify). Lower unit is month to month and can go to market now; upper lease ends 4/30/27. Newer furnaces, updated PEX plumbing and updated electrical. City of Detroit Certificate of Compliance on file through 08/01/2029, so no city compliance work needed for years. Leases and ledgers provided after accepted offer. Cash or conventional only. *Do not disturb tenants. Do NOT email offers; offer instructions and submission link are in ShowingTime and agent remarks.
Additional Information
- Lot Dimensions
- 40 x 114.02
- Heating
- Forced Air
- Basement
- Yes
- Basement Description
- Block
- Foundation
- Basement
- Water
- Public
- School District
- Detroit City School District
Mortgage Calculator
Listing Courtesy of EXP Realty Main, Office Phone: 888-501-7085
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.