1739 Central Street Detroit, MI ^$ 615,000

1739 Central Street

^$ 615,000

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1739 Central Street

Detroit, MI, 48209

^$ 615,000

Studio Baths0.0 Sq 5,308

Monthly Estimate*

^$ 4,087

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Studio

Multi-Family Home for sale in Detroit, MI

for $615,000. This 5,308 square foot home was built in 1927 on a lot size of 0.1.

Great investment opportunity! Newly updated 6 unit occupied apartment building with leases in place in Southwest Detroit. Your tenants will enjoy all that Mexican Town has to offer! The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are a total of 6 two bedroom units. 5 units are currently occupied while the remaining 1 unit is vacant. The vacant unit has been cleaned and freshly painted and are currently being shown to fill with tenants. The building is separated into two entrances. The first entrance includes the front two units and the side entrance leads to the remaining 4 units. Each unit is separately metered. All furnaces for the building have been updated in 2020.The seller is opening to seller financing.

Multi-Family Active

Price

^$ 615,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,176

Style

Lot Size

0.1

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70405587

Features

General

Heating Forced Air

Water Public Water

Status Active Active

Year Built 1927

County Wayne

Class MULTIFAMILY

Type Multi-Family

Municipality Detroit

Zoning Multi-Family

Subdivision MI

Area Detroit (82001)

Primary City Detroit

Directions Central and Cahalan

City Detroit

School District Detroit City School District

Street Name Central

Financial Terms Cash Conventional

Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2022. W CENTRAL 550 FERNDALE AVE SUB L30 P56 PLATS W C R 20/349 39 X 110

DOM 12

Postal Code 48209

Price Per Sq Ft Total 115.86

Coming Soon Great investment opportunity! Newly updated 6 unit occupied apartment building with leases in place in Southwest Detroit. Your tenants will enjoy all that Mexican Town has to offer! The entire buildin

Exterior

Exterior Brick

Frontage 39

Lot Size Area 0.1

Lot Dimensions 39x110

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 6

Fuel Type Natural Gas

* Excluded Features

List By

Ryan Heward

Listing Agent

Golden Key Real Estate Llc

Broker

ryan.heward@goldenkeydetroit.com

Affordability Calculator

$4,185

Per Month

Monthly Principal & Interest: $4,087
Monthly Property Taxes: $98
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$224,808

Percent of Sale Price 63%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/10/2024	$615,000		Listed Price

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1739 Central Street, Detroit, MI, 48209 is a Multi-Family Home for sale at $615,000 with 5,308 sqft and a lot size of 0.1. 1739 Central Street is a studio with 0.0 baths and was built in 1927. The property's zip code is 48209 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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 information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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1739 Central Street

Multi-Family Home for sale in Detroit, MI

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