8210 Decatur ST Detroit, MI 48228
2 Baths
2,400 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Coming Soon
Purchase Type For Rent
Square Footage 2,400 sqft
Subdivision Esper Gardens
MLS Listing ID 20261041552
Style Duplex
Full Baths 2
Year Built 1927
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
Property Description
(1) Existing cashflow with a long term SECTION 8 tenant in place at $1237/month
(2) Plenty of EQUITY to refinance and even execute a BRRR to pull all the money out
(3) Great potential for appreciation. Detroit is on the raise and this property's close proximity to Dearborn makes it even better.
That's not all - the upper unit is totally renovated and tenant ready.
The seller is determined to make this an easy win for you so there is one more perk. This property is profesionally managed by a management company specifically focused on Detroit Section 8 and if you keep them on, they'll lease the upper unit.
Key highlights:
- New boiler 5 years ago ($6000 install)
- New drain line to the city tap with permits pulled ($5000)
- Upstairs unit totally updated and ready to a section 8 tenant for about $1100 for total income of $2237
- No known roof leaks
Some defered maintenance:
- front porch will need to be repaired soon as it's sinking
- Siding has a few gaps in it so probably will need to be repaired or replaced soon
- no known information or visibility about the roof
Terms of the offer:
- offers without a physical walk through by a contractor, agent or buyer will not be considered
- offers must have a proof of funds, pre-approval and be completely filled out
- This is priced to sell fast so seller will only select buyers who show a level of urgency
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard, Forced Air, Natural Gas, Radiant
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Contract, Conventional, OwnerMayCarry, WarrantyDeed
Listing Terms Cash, Contract, Conventional, OwnerMayCarry, WarrantyDeed
Special Listing Condition AgentOwned, ShortSaleNo
Pets Allowed Cats Ok, Dogs Ok
