Address
15926 Linwood Street Detroit, MI
Price
$ 35,000
Property Attributes
  • ML#2200024141
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDet - Livernois-I75 6-Gd River
  • NeighborhoodROBERT OAKMANS PURITAN PARK
  • Zip48238
  • StyleColonial,Duplex,Split Level
  • Year Built1926
  • Taxes1079
  • Price$ 35,000
  • Bedrooms6
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2400
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Hale Realty
Property Description

This is priced to sell----this home has more than meets the eye......you could actually make this a 2 3 bed units and 1 2 bed unit increasing you NOI....this is a full rehab projected to be around $35000 to 40k depending on your ability to purchase material and control of labor cost. If you are a novice or new to the game, this is not for you. Experienced investor can turn this around on the lower end and make bank! Even after the rehab and the cost of the structure you still end up with equity in the structure. Win Win!!! Remember--this is a HOLD not a FLIP---price is firm as the completed project your return will be solid--$950 to $1050 per unit and with the bonus unit another $550 per month--bringing this unit to a comfortable to a $2450 to $2700 per month or up to $32,400.00 per year ROI....How do you not win with this project? Don't wait and this will not last too long QCD only CASH ONLY--BUYER TO USE SELLERS CLOSING AGENT -

Price History
4/17/2020 Listed $30,000
8/15/2020 17% - $25,000

General Features

Basement Type Common
Construction Materials Brick
Cumulative Days on Market 156
Deposit Amount 25000.00
Gross Scheduled Income 32400.00
Heating Baseboard
Land Contract Yes
Listing Agent Public Id 375882
Net Operating Income 32400.00
Originating MLS Realcomp II Ltd
Ownership Status Private Owned, Short Sale - No
Parcel Number W08I010776S
Property Type Multifamily
School District Detroit
Sewer Sewer at Street
Short Sale No
Status Active
Subdivision Name ROBERT OAKMANS PURITAN PARK (PLATS)
Terms Offered Cash, Land Contract, Quit Claims Deed
Total Sq Ft 2400
Transaction Type Sale
Year Built 1926
Zoning Multi-Family

Interior Features

Basement Y/N Yes
Full Baths 2
Heating Fuel Natural Gas
Total Baths 2.00
Total Units 2
Unit Count 1

Exterior Features

Architecture Level 2 Story
Architecture Style Colonial, Duplex, Split Level
Foundation Basement
Foundation Materials Block
Frontage Feet 40
Lot Size Area 0.08
Lot Size Dimensions 30.00X118.00
Parking Total 4
Porch Porch - Covered
Roof Material Asphalt
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Linked Realty and The Originating MLS(found above), © 2020 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of December 2, 2020 12:59 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48238

Price
AVG $60K
$40K
Taxes
AVG $1,388
$1,079
Visits
AVG 29
90
Year Built
AVG 1927
1926
Walkscore
AVG 53
33
Data Provided by Walkscore ® not using MLS data