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503 Alger Street

Detroit, MI 48202
  • $720,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 20240007747
UPDATED: 119 min ago
$720,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 7,588
    SQFT
  • $95
    $/SQFT
Type:
Multi-Family
Built:
1918
County:
Zoning:
Multi-Family
Lot Size Dimensions:
70 x 113

School Ratings & Info

School District:

Description

If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.

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: 2024-02-23T03:24:40.477.
www.refacmi.com/homes/147448434
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503 Alger Street Detroit, MI 48202

  • Price: $720,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 119 min ago
  • ID#: 20240007747
0
Beds
9
Baths
0
½ Baths
0.18
Acres
7,588
SQFT
$95
$/SQFT
1918
Built
Neighborhood:
Beamer & Fraers Sub (Plats)
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.
Exterior Features

Architecture Level 3 Story Architecture Style Colonial Construction Materials Brick Foundation Details Basement Foundation Materials Brick/Mortar Garage YN Yes Lot Size Dimensions 70 x 113 Pool YN No Porch Type Porch Road Frontage Feet 70 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 9.00 Fireplace YN No Heating Radiant Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 11588 Sq Ft Lower Floor 4000 Sq Ft Total Basement 7588 Unit Efficiency Number Of 1 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 8

Property Features

Existing Lease YN No Gross Scheduled Income 136800.00 Homestead YN No Income Projection Projected Land Contract YN No Listing Financing CashConventionalWarranty Deed Monthly Rental Income 11400 Number Of Units Leased 4 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 1772.0000 Tax Amount Winter 0.0000 Title Standard (Private) Total Tax 1772.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 503 ALGER Street Water Source Public (Municipal) Year Remodeled 1918 Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via EXP Realty LLC: (888) 501-7085 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: 2024-02-23T03:24:40.477.
 
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