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14528 Lappin Street Detroit, MI $ 526,000
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$ 526,000 Get more info
14528 Lappin Street
$ 526,000
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14528 Lappin Street

Detroit, MI, 48205
$ 526,000
Bedrooms3 Baths2.0 Sq 1,350

Monthly Estimate*

$ 3,674

14528 Lappin Street, Detroit, MI 48205 - Image 1

Multi-Family Home for sale in Detroit, MI

for $526,000 with 3 bedrooms and 2 full baths. This 1,350 square foot home was built in 1926 on a lot size of 0.1.

A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.

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Multi-Family Active

Price

$ 526,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,197

Style

Bungalow

Lot Size

0.1

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230081073
Features
Interior
Heating Fuel Natural Gas
Basement Y/N 1
Total Units 2
Fireplace 0
Street Suffix Street
Total Baths 2.00
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General
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air
Possession Rental Agreement
Pets Allowed Call
Zoning Multi-Family
Pool Y/N 0
Full Baths 2
Half Baths 0
Year Built 1926
Property Type Multifamily
Subdivision Name GRATIOT AMERICAN PARK
Transaction Type Sale
Basement Type Unfinished
Status Active
Short Sale No
Parking Total 1
Construction Materials Other
Cumulative Days on Market 239
MLS Area Det 8 To Gratiot/Houston To 7
Directions N of 7 Mile/E of Gratiot
City Detroit
Terms Offered Cash Conventional
School District Detroit
Land Contract 0
Down Payment Resource 1
Ownership Status Short Sale - No Private Owned
Street Name LAPPIN
Homestead 0
Assessment 240.00
Total Sq Ft 1350
DOM 239
Taxes 1197.0000
Legal Description S LAPPIN 232 GRATIOT AMERICAN PARK SUB L38 P55 PLATS W C R 21/707 35 X 126.7
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Exterior
Waterfront 0
Lot Size Area 0.10
Water Source Public (Municipal)
Foundation Basement
Lot Size Dimensions 35.00 x 127.00
Garage Y/N 1
Architecture Level 2 Story
Architecture Style Bungalow
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Kevin Devergilio

Listing Agent

Realteam Real Estate

Broker

(586) 580-8092

Phone

Affordability Calculator

$3,774
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,674
Monthly Property Taxes
$100
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/25/2023$526,000 Listed Price

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14528 Lappin Street, Detroit, MI, 48205 is a Multi-Family Home for sale at $526,000 with 1,350 sqft and a lot size of 0.1. 14528 Lappin Street has 3 bedrooms, 2.0 baths, and was built in 1926. The property's zip code is 48205 which is in Detroit, MI

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