8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
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David Godin

David Godin

+1(586) 416-0600
$ 99,000
Est. payment | /mo

2 Baths

2,400 SqFt

Save
$ 99,000
Est. payment | /mo
Save

2 Baths

2,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $41

Subdivision Mi

MLS Listing ID 61017148

Style 2 Story

Full Baths 2

Year Built 1927

Annual Tax Amount $2,392

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35X126.7

Property Sub-Type Multi-Family

Property Description

SECTION 8 TENANT IN PLACE AND CASHFLOWING! Welcome to the SECTION 8 passive cashflow that Detroit has to offer. This property is the perfect entry point and has all the basics of a sound investment: (1) Existing cashflow with a long term SECTION 8 tenant in place at $1237/month (2) Plenty of EQUITY to refinance and even execute a BRRR to pull all the money out (3) Great potential for appreciation. Detroit is on the raise and this property's close proximity to Dearborn makes it even better. That's not all - the upper unit is totally renovated and tenant ready. The seller is determined to make this an easy win for you so there is one more perk. This property is profesionally managed by a management company specifically focused on Detroit Section 8 and if you keep them on, they'll lease the upper unit. Key highlights: - New boiler 5 years ago ($6000 install) - New drain line to the city tap with permits pulled ($5000) - Upstairs unit totally updated and ready to a section 8 tenant for about $1100 for total income of $2237 - No known roof leaks Terms of the offer: - offers without a physical walk through by a contractor, agent or buyer will not be considered - offers must have a proof of funds, pre-approval and be completely filled out - This is priced to sell fast so seller will only select buyers who show a level of urgency

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Residential

Rooms

Basement Block

Interior

Heating Baseboard, Forced Air, Radiant

Fireplace No

Exterior

Exterior Feature Brick, Wood

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick,Wood

Schools

School District Detroit City School District

Others

Energy Description Natural Gas

Financing Cash,Conventional Blend,FHA,VA

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by NEXGEN Realty

Schools and Properties Nearby

David Godin

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI 48084, USA

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8210 Decatur Street