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17129 Westphalia Street

Detroit, MI 48205
  • $250,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 20240005076
$250,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,880
    SQFT
  • $87
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1928
County:
Zoning:
Multi-Family
Lot Size Dimensions:
25.00 x 215.00

School Ratings & Info

School District:

Description

MULTIPLE OFFER SITUATION. HIGHEST AND BEST FRIDAY AT 5PM. Located 8 minutes from the infamous East English Village District, you will find 17129 Westphalia nestled on a 5,357 square foot lot in a quiet neighborhood of homeowners. This crown jewel boasts a brand new roof to ensure repeat dividends for many years to come. Your apartment complex consists of 5 recently remodeled 1 bed room units. Each unit has been upgraded and has entirely brand new electrical and plumbing to insure maintenance free cash flow. Furthermore the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint and brand new carpet with top of the line underlayment. 3 of the 5 units are leased to section 8 tenants and the monthly dividends are $3,010 all paid by section 8. Once the other 2 units are leased the total monthly section 8 dividends will be $5300. The tenants pay all utilities, which allows this complex to maintain a near 29% cash on cash return. Property taxes have been reduced to roughly $100 per month. This Diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.

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IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-04-03T23:59:38.88.
www.bhhssnyder.com/homes/146956014
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17129 Westphalia Street Detroit, MI 48205

  • Price: $250,000
  • Status: Active
  • On Site: 81 Days
  • MLS #: 20240005076
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2,880
SQFT
$87
$/SQFT
1928
Built
Neighborhood:
Gitre Park
County:
Wayne
Area:
Det 8 To Gratiot/Houston To 7
School District:
DETROIT
Property Description
MULTIPLE OFFER SITUATION. HIGHEST AND BEST FRIDAY AT 5PM. Located 8 minutes from the infamous East English Village District, you will find 17129 Westphalia nestled on a 5,357 square foot lot in a quiet neighborhood of homeowners. This crown jewel boasts a brand new roof to ensure repeat dividends for many years to come. Your apartment complex consists of 5 recently remodeled 1 bed room units. Each unit has been upgraded and has entirely brand new electrical and plumbing to insure maintenance free cash flow. Furthermore the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint and brand new carpet with top of the line underlayment. 3 of the 5 units are leased to section 8 tenants and the monthly dividends are $3,010 all paid by section 8. Once the other 2 units are leased the total monthly section 8 dividends will be $5300. The tenants pay all utilities, which allows this complex to maintain a near 29% cash on cash return. Property taxes have been reduced to roughly $100 per month. This Diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.
Exterior Features

Architecture Level 2 Story Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 25.00 x 215.00 Road Frontage Feet 1 Road Frontage Type Paved Waterfront YN No

Interior Features

Building Area Source Public Records Heating Cooling Hot Water Heating Fuel Natural Gas Sq Ft Main 2880 Sq Ft Office 0 Unit Efficiency Number Of 5 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

Property Features

Assessment 240.00 Commercial Type ApartmentsBusiness And Real Estate Existing Lease YN Yes Gross Scheduled Income 36120.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Monthly Sales 3010 Net Operating Income 36120.00 Operating Expense 0.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 60 Possession At Close Postal City Detroit Protection Period 1 Settlement City Sewer Sewer at Street Short Sale No Tax Amount Summer 758.0000 Tax Amount Winter 60.0000 Title Standard (Private) Total Tax 818.0000 Unparsed Address 17129 WESTPHALIA Street Water Source Water at Street Year Remodeled 2023 Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via 1st Michigan Real Estate: and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-04-03T23:59:38.88.
 
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