$499,000
$499,000
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506 Westminster Street Detroit, MI 48202
5,663 Sqft Lot
Key Details
Sold Price $499,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Detroit City
MLS Listing ID 24020988
Sold Date 07/17/24
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1910
Annual Tax Amount $1,348
Tax Year 2023
Lot Size 5,663 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 Wayne County - 100
Direction Brush St and Westminster
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplaces Number 1
Laundry Common Area, In Basement
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Other
Street Surface Paved
Building
Lot Description Corner Lot
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Detroit
Others
Tax ID 03002633.
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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