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17638 Albion Street

Detroit, MI 48234
  • $75,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: 20230022147
UPDATED: 132 min ago
$75,000
  • 3
    BEDS
  • 0.1
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 989
    SQFT
  • $76
    $/SQFT
Type:
Single-Family Home
Built:
1947
County:
Lot Size Dimensions:
35.00 X 124.00

School Ratings & Info

School District:

Description

Neighborhood Eastside of Detroit, Drennan & Seldons LaSalle subdivision, 8. Mile & HooverThis beautiful brick bungalow home has three bedrooms and one full size bath.The current value of the property is $100k, giving you a new investment property with over $25,000 in equity at closing.The property is currently vacant. If you are a first-time buyer currently renting or just looking for a new home for yourself or loved one, this property is an excellent starter home, with an affordable mortgage of $75k /30 yr. fixed / 7.377% interest / gives you a payment of $500 per month!If you are a property investor, Property can be rented at the current market rental rate of $1500 per month for a three bedroom with a 13.5% Cap rate. Tenant placement services are available for purchaser if needed.Operating expenses are minimal and self-sufficient, with individually metered electric and gas service for each unit covered by the tenants. Owner pays water, property taxes, and insurance.Property management services are available for purchaser if needed. This is a true turnkey income producing property in an appreciating neighborhood. warranty deed available (free & clear)Purchaser to pay $645 compliance fee to Prestige Realty Services, LLCThis property is available individually or in a 4-property package deal with: 15361 Sorrento 18659 Shaftsbury 17638 Albion 14141 RossiniPlease contact listing agent for further details on package deal.

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IDX provided courtesy of Realcomp II Ltd. via Alan Brown Group and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-05-31T13:02:48.77.
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17638 Albion Street Detroit, MI 48234

  • Price: $75,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 132 min ago
  • ID#: 20230022147
3
Beds
1
Baths
0
½ Baths
0.1
Acres
989
SQFT
$76
$/SQFT
1947
Built
Neighborhood:
DRENNAN & SELDONS LASALLE COLLEGE PARK NO 3
County:
Wayne
Area:
Det 8 To Gratiot/Houston To 7
School District:
DETROIT
Property Description
Neighborhood Eastside of Detroit, Drennan & Seldons LaSalle subdivision, 8. Mile & HooverThis beautiful brick bungalow home has three bedrooms and one full size bath.The current value of the property is $100k, giving you a new investment property with over $25,000 in equity at closing.The property is currently vacant. If you are a first-time buyer currently renting or just looking for a new home for yourself or loved one, this property is an excellent starter home, with an affordable mortgage of $75k /30 yr. fixed / 7.377% interest / gives you a payment of $500 per month!If you are a property investor, Property can be rented at the current market rental rate of $1500 per month for a three bedroom with a 13.5% Cap rate. Tenant placement services are available for purchaser if needed.Operating expenses are minimal and self-sufficient, with individually metered electric and gas service for each unit covered by the tenants. Owner pays water, property taxes, and insurance.Property management services are available for purchaser if needed. This is a true turnkey income producing property in an appreciating neighborhood. warranty deed available (free & clear)Purchaser to pay $645 compliance fee to Prestige Realty Services, LLCThis property is available individually or in a 4-property package deal with: 15361 Sorrento 18659 Shaftsbury 17638 Albion 14141 RossiniPlease contact listing agent for further details on package deal.
Exterior Features

Architecture Level 2 Story Architecture Style Bungalow Construction Materials Brick Entry Location Ground Level Foundation Details Michigan Basement Garage Features Detached Garage Size 1 Car Garage YN Yes Lot Size Dimensions 35.00 X 124.00 Pool YN No Road Frontage Feet 42 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement YN No Baths Total 1.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Room Count 5 Rooms Bedroom (First/Entry Level) Bedroom (First/Entry Level) Bedroom (Second Level) Kitchen (First/Entry Level) Bath - Full (First/Entry Level) Sq Ft Combined 989 Sq Ft Total Basement 784

Property Features

Assessment 240.00 Association Fee YN No Down Payment Resource YN Yes Existing Lease YN No Homestead YN No Land Contract YN No Listing Financing CashConventionalFha Ownership Status Short Sale - NoPrivate Owned Possession At Close Postal City Detroit Protection Period 45 Days Restrictions YN No Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 978.0000 Tax Amount Winter 114.0000 Title Standard (Private) Total Tax 1092.0000 Transaction Type Sale Unparsed Address 17638 Albion Street Warranty No Water Source Water At Street

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Prestige Realty Services Llc: (248) 904-1974 and Realcomp, ©2023 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Alan Brown Group and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-05-31T13:02:48.77.
 
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