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13648 Northlawn Street

Detroit, MI 48238
  • $165,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: 20240004482
Price Reduced
UPDATED: 136 min ago
$165,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,140
    SQFT
  • $77
    $/SQFT
Type:
Multi-Family
Built:
1926
County:
Zoning:
Multi-Family
Lot Size Dimensions:
38.00 x 111.00

School Ratings & Info

School District:

Description

MULTIPLE OFFERS. HIGHEST AND BEST FRIDAY AT 5PM. REDUCED. LOCATED 3 MINUTES FROM HISTORIC OAKMAN BLVD DISTRICT YOU WILL FIND 13648 NORTHLAWN NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 2 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1295 AND $1266 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THAT'S ALMOST A WHOPPING $2600 IN ONE MONTH. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE 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: 2024-03-02T23:57:02.01.
www.refacmi.com/homes/146860643
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13648 Northlawn Street Detroit, MI 48238

  • Price: $165,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 136 min ago
  • ID#: 20240004482
0
Beds
2
Baths
0
½ Baths
0.1
Acres
2,140
SQFT
$77
$/SQFT
1926
Built
Neighborhood:
John M Welch Jrs Wyoming- Schoolcraft (Plats)
County:
Wayne
Area:
Det 6-tire - Grnfld - Livernois
School District:
DETROIT
Property Description
MULTIPLE OFFERS. HIGHEST AND BEST FRIDAY AT 5PM. REDUCED. LOCATED 3 MINUTES FROM HISTORIC OAKMAN BLVD DISTRICT YOU WILL FIND 13648 NORTHLAWN NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 2 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1295 AND $1266 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THAT'S ALMOST A WHOPPING $2600 IN ONE MONTH. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Exterior Features

Architecture Level 2 Story Architecture Style Other Construction Materials Brick Foundation Details Basement Foundation Materials Block Garage YN Yes Lot Size Dimensions 38.00 x 111.00 Parking Total 1 Pool YN No Road Frontage Feet 0 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 2.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Measured Sq Ft Combined 2140 Sq Ft Total Basement 1070 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 2

Property Features

Assessment 340.00 Down Payment Resource YN Yes Encroachment YN No Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 30732.00 Homestead YN No Income Projection Actual Inventory List YN No Land Contract YN No Listing Financing CashConventional Monthly Rental Income 2561 Number Of Units Leased 2 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Call Postal City Detroit Protection Period 1 Restrictions YN No Settlement City Sewer Sewer at Street Short Sale No Tax Amount Summer 1229.0000 Tax Amount Winter 104.0000 Title Standard (Private) Total Tax 1333.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 13648 NORTHLAWN Street Water Source Water at Street Year Remodeled 2024 Zone Conform YN Yes Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via 1st Michigan Real Estate: (248) 835-3237 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE 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: 2024-03-02T23:57:02.01.
 
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