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506 Westminster Street Detroit, MI 48202
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Key Details
Sold Price $499,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 81024020988
Sold Date 07/17/24
Bedrooms 4
Originating Board Greater Metropolitan Association of REALTORS®
Year Built 1910
Annual Tax Amount $1,348
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 50 x 115
Property Description
3/4 occupied. Nestled in Detroit's North End neighborhood, this fully leased quadplex is the perfect purchase for a savvy investor. Building received gut renovation in 2017. All 3 bed, 1 bath units have new plumbing, electrical, HVAC, Flooring, roofing, etc. Each unit has a dishwasher Washer dryer and storage in basement. Includes 2 gated off street parking. With a gross annual income of $58,080, this property is the perfect purchase for a savvy investor. Less than 10 minute drive to downtown Detroit, and a 5 minute drive to midtown, this investment opportunity is uniquely rare and one to take advantage of. Newly renovated quadplexes in the most desired neighborhoods in Detroit are moving quickly.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Direction Brush St and Westminster
Interior
Interior Features Laundry Facility
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Roof Type Other
Road Frontage Paved
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID 03002633
Ownership Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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