$ 199,000
13601 NORTHLAWN Street Detroit, MI 48238
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 199,000
Est. payment /mo
New
13601 NORTHLAWN Street Detroit, MI 48238
2 Baths
3,484 Sqft Lot
UPDATED:
10/18/2024 06:37 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240078427
Originating Board Realcomp
Year Built 1926
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 35.00 x 105.00
Property Description
MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST MONDAY AT NOON. LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 13601 NORTHLAWN NESTLED ON A 3,675 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST A BRAND NEW TEAR OFF ROOF TOWERING OVER TWO SPACIOUS 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH A NEW HEATING SYSTEM AND NEW WINDOWS. IN ADDITION, THIS HOME DISPLAYS BRAND NEW ELECTRICAL AND PLUMBING SYSTEMS TO INSURE MAINTENANCE FREE CASH FLOW. NEWLY RENOVATED WITH FRESH CARPET & PAINT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1293 AND $1293 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT FOR A WHOPPING TOTAL OF $2586. THESE TENANTS PAYS ALL THE UTILITIES MINUS WATER WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Northlawn & Davison
Interior
Heating Wall Furnace
Exterior
Waterfront No
View Y/N No
Building
Structure Type Brick
Others
Tax ID W16I032448S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by 1st Michigan Real Estate
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