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7406 Oakland Street

Detroit, MI 48211
  • $340,000
  • STATUS: Active
  • ON SITE: 94 Days
  • ID#: 20230098023
UPDATED: 70 min ago
$340,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,262
    SQFT
  • $150
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Zoning:
Multi-Family,Residential
Lot Size Dimensions:
30.00 x 122.00

School Ratings & Info

School District:

Description

Excellent Air BnB opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent.

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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/145399297
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7406 Oakland Street Detroit, MI 48211

  • Price: $340,000
  • Status: Active
  • On Site: 94 Days
  • Updated: 70 min ago
  • ID#: 20230098023
0
Beds
4
Baths
0
½ Baths
0.08
Acres
2,262
SQFT
$150
$/SQFT
1910
Built
Neighborhood:
Standishs (Plats)
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
Excellent Air BnB opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent.
Exterior Features

Architecture Level 2 Story Architecture Style Quadruplex Construction Materials AluminumBrickVinyl Exterior Features LightingPrivate Entry Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions 30.00 x 122.00 Multifamily Parking On Street Parking Total 0 Pool YN No Road Frontage Feet 30 Road Frontage Type PavedPub. Sidewalk Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 4.00 Cooling Ceiling Fan(s) Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Interior Features Laundry Facility Laundry Facilities YN Yes Living Area Source Public Records Sq Ft Combined 2262 Sq Ft Total Basement 445 Unit Efficiency Number Of 1 Unit Four Bed Number Of 0 Unit One Bed Number Of 2 Unit Three Bed Number Of 0 Unit Two Bed Number Of 1

Property Features

Assessment 340.00 Down Payment Resource YN Yes Existing Lease YN Yes Gross Scheduled Income 46200.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing CashConventional Monthly Rental Income 3850 Number Of Units Leased 4 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 3 Months Rent Includes Water/SewerSnow RemovalTrash Collection (Garbage Pickup)WaterYard Maintenance Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 1745.0000 Tax Amount Winter 164.0000 Title Standard (Private) Total Tax 1909.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 7406 OAKLAND Street Water Source Public (Municipal) Zoning Multi-FamilyResidential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Berkshire Hathaway HomeServices The Loft Warehouse: (313) 658-6400 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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