Harding Real Estate Team
BEDS0
BATHS2 full
SQUARE FEET2,400
MLS#20261060226
STATUS(Short Sale) - Active
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONE S P E R G A R D E N S
SCHOOLDetroit
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 leaksTerms 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
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Heating: Baseboard, Forced Air, Natural Gas, Radiant
Home Style: Duplex
Lot Size: 0.10 Acres
Stories: 2.0
Taxes: $2,392
Year Built: 1927
Feature Descriptions
Days on Site: 5
Exterior: Brick, Shingle Siding, Wood Siding
Lot Dimensions: 35X126.7
Parcel#: W22I032236S
Pets Allowed: Cats Ok, Dogs Ok
Sewer: Public Sewer
Summer Tax: 2056.55
Units: 2
Water: Public
Winter Tax: 335.65
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: NEXGEN Realty
Agency Phone: 8109871100
Shown By
Agent Name: Harding Real Estate Team
Agent Phone: (734) 812-6900
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 781.99 per month $553.78 Principal & Interest $199.33 Property Tax $28.88 Homeowner's InsuranceChange Payment Information
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Agent License Information: Brokerage/Company License Number: MI-65-05366134
8210 Decatur Street | MLS# 20261060226
This multi-family property located at 8210 Decatur Street, Detroit, Mi 48228 is currently listed for sale with an asking price of $99,000. Decatur Street is located within the Detroit school district. Search Detroit real estate on www.hardingrealestateteam.com today.