See all 33 photos
33 photos
$195,000
Est. payment /mo
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Sold Price $195,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20240078638
Year Built 1922
Annual Tax Amount $2,241
Lot Size 3,920 Sqft
Property Description
LOCATED 3 MINUTES FROM HISTORIC JEFFERSON CHALMERS AND 6 MINUTES FROM GROSSE POINTE, YOU WILL FIND 1200 LENOX NESTLED ON A 3,789 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS BRAND NEW WINDOWS AND HAS NEW ELECTRICAL + PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 3250. THESE TENANTS COVERS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PER. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 196 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Interior
Heating Wall Furnace
Exterior
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Listed by 1st Michigan Real Estate