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9621 Otsego Street

Detroit, MI 48204
  • $159,900
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: 20240002827
Price Reduced
UPDATED: 55 min ago
$159,900
  • 0
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,980
    SQFT
  • $54
    $/SQFT
Type:
Multi-Family
Built:
1923
County:
Zoning:
Multi-Family
Lot Size Dimensions:
40.00 x 124.00

School Ratings & Info

School District:

Description

Each unit in this 4-unit multifamily property is self-contained and includes its own kitchen, bathroom, and living areas. The units may have different layouts and sizes, offering tenants a range of options to suit their needs. New roof, new Pex plumbing and Pvc main drains, All new interior doors and windows, 4 new furnaces and 4 hot water heaters. In terms of investment potential, a 4-unit multifamily property can be an attractive option. It provides multiple rental units under one roof, offering the opportunity to generate revenue from multiple streams of rental income. Two units are finished and rented out and the 2 units are 95% complete. Come take a look and make money from day one. Sold As-Is

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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: 2024-03-02T17:59:44.147.
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9621 Otsego Street Detroit, MI 48204

  • Price: $159,900
  • Status: Active
  • On Site: 46 Days
  • Updated: 55 min ago
  • ID#: 20240002827
0
Beds
4
Baths
0
½ Baths
0.11
Acres
2,980
SQFT
$54
$/SQFT
1923
Built
Neighborhood:
Graham & Carrolls Grand River Sub (Plats)
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
Each unit in this 4-unit multifamily property is self-contained and includes its own kitchen, bathroom, and living areas. The units may have different layouts and sizes, offering tenants a range of options to suit their needs. New roof, new Pex plumbing and Pvc main drains, All new interior doors and windows, 4 new furnaces and 4 hot water heaters. In terms of investment potential, a 4-unit multifamily property can be an attractive option. It provides multiple rental units under one roof, offering the opportunity to generate revenue from multiple streams of rental income. Two units are finished and rented out and the 2 units are 95% complete. Come take a look and make money from day one. Sold As-Is
Exterior Features

Architecture Level 2 Story Architecture Style Quadruplex Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 40.00 x 124.00 Parking Total 0 Pool YN No Road Frontage Feet 0 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 4.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 2980 Sq Ft Total Basement 1490 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 4 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

Property Features

Assessment 0.00 Down Payment Resource YN Yes Existing Lease YN Yes Gross Scheduled Income 19200.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing CashConventionalFHA Monthly Rental Income 1600 Number Of Units Leased 2 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed No Postal City Detroit Protection Period 1480 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 38.0000 Tax Amount Winter 5.0000 Title Standard (Private) Total Tax 43.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 9621 OTSEGO Street Water Source Public (Municipal) Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via RE/MAX Leading Edge: (313) 277-7777 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: 2024-03-02T17:59:44.147.
 
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