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423 W Grand Boulevard

Detroit, MI 48216
  • $370,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 2210090547
UPDATED: 46 min ago
$370,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,202
    SQFT
  • $88
    $/SQFT
Type:
Multi-Family
Built:
1910
County:
Zoning:
Multi-Family
Lot Size Dimensions:
45.00X135.00

School Ratings & Info

School District:

Description

GEM OPPURTUNITY IN SOUTHWEST DETROIT! This HISTORIC QUADPLEX is the perfect investment opportunity for investors to make both, passive income and appreciation! Located on the desired Hubbard Farms neighborhood, this BRICK quadplex is ready to make you money the day that you buy it! The property is minutes away from Downtown, Corktown, and the new 4.4 billion dollar Gordie Howe International Bridge. Walking distance from public transportation, schools grocery stores, and many restaurants on Vernor Hwy. Each unit has 2 sizeable bedrooms, 1 bathroom, a spacious living room, and a kitchen. Basement is partially finished, has an extra room with a full bath. Property has newer windows, furnaces, and hot water tanks! All four units are tenant occupied. Average rent in the area is about $1,000 for a 2 bedroom apartment. Showings/Inspections will be done only after an accepted offer. All measurements are estimates.

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© 2021 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: 2021-12-01T11:58:01.3.
www.alanbrowngroup.com/homes/122843529
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423 W Grand Boulevard Detroit, MI 48216

  • Price: $370,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 46 min ago
  • ID#: 2210090547
0
Beds
4
Baths
0
½ Baths
0.14
Acres
4,202
SQFT
$88
$/SQFT
1910
Built
Neighborhood:
Plat Of B Hubbards Sub (Plats)
County:
Wayne
Area:
Det South Of Grand River
School District:
DETROIT
Property Description
GEM OPPURTUNITY IN SOUTHWEST DETROIT! This HISTORIC QUADPLEX is the perfect investment opportunity for investors to make both, passive income and appreciation! Located on the desired Hubbard Farms neighborhood, this BRICK quadplex is ready to make you money the day that you buy it! The property is minutes away from Downtown, Corktown, and the new 4.4 billion dollar Gordie Howe International Bridge. Walking distance from public transportation, schools grocery stores, and many restaurants on Vernor Hwy. Each unit has 2 sizeable bedrooms, 1 bathroom, a spacious living room, and a kitchen. Basement is partially finished, has an extra room with a full bath. Property has newer windows, furnaces, and hot water tanks! All four units are tenant occupied. Average rent in the area is about $1,000 for a 2 bedroom apartment. Showings/Inspections will be done only after an accepted offer. All measurements are estimates.
Exterior Features

Architecture Level 2 Story Architecture Style Historic Construction Materials Brick Foundation Details Basement Foundation Materials Brick Lot Size Dimensions 45.00X135.00 Pool YN No Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Partially Finished Basement YN Yes Baths Total 4.00 Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Room Count 0 Sq Ft Combined 5202 Sq Ft Lower Floor 1000 Sq Ft Total Basement 1200 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 4

Property Features

Assessment 240 Down Payment Resource YN Yes Encroachment YN No Existing Lease YN Yes Gross Scheduled Income 24600.00 Income Projection Actual Land Contract YN No Listing Financing CashConventionalWarranty Deed Monthly Rental Income 2050 Net Operating Income 24600.00 Number Of Units Leased 4 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 90 Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 701.0000 Tax Amount Winter 62.0000 Title Private - Owned Total Tax 763.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 423 W GRAND BLVD Water Source Municipal Water Zoning Multi-Family

IDX provided courtesy of Realcomp II Ltd., via Munoz Realty Inc and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 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: 2021-12-01T11:58:01.3.
 
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Alan Brown Group
70 West Long Lake Rd
Troy MI, 48098