Skip To Content

14465 Maddelein Street

Detroit, MI 48205
  • $80,000
  • STATUS: Active
  • ON SITE: 245 Days
  • MLS #: 20230081114
UPDATED: 124 min ago
$80,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,258
    SQFT
  • $64
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Zoning:
Multi-Family
Lot Size Dimensions:
35.00 x 120.00

School Ratings & Info

School District:

Description

A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 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: 2024-05-28T18:03:16.263.
www.real5.com/homes/143704065
Print Image

14465 Maddelein Street Detroit, MI 48205

  • Price: $80,000
  • Status: Active
  • On Site: 245 Days
  • Updated: 124 min ago
  • MLS #: 20230081114
0
Beds
2
Baths
0
½ Baths
0.1
Acres
1,258
SQFT
$64
$/SQFT
1953
Built
Neighborhood:
Gratiot American Park
County:
Wayne
Area:
Det 8 To Gratiot/Houston To 7
School District:
DETROIT
Property Description
A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
Exterior Features

Architecture Level 2 Story Architecture Style Colonial Construction Materials Brick Foundation Details Basement Foundation Materials Block Garage YN Yes Lot Size Dimensions 35.00 x 120.00 Parking Total 2 Pool YN No Road Frontage Feet 35 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 Public Records Sq Ft Combined 1258 Sq Ft Total Basement 839 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 0 Unit Two Bed Number Of 1

Property Features

Assessment 240.00 Down Payment Resource YN Yes Existing Lease YN Yes Gross Scheduled Income 17700.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing CashConventional Monthly Rental Income 1475 Number Of Units Leased 2 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Call Postal City Detroit Protection Period 60 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 1183.0000 Tax Amount Winter 114.0000 Title Standard (Private) Total Tax 1297.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 14465 MADDELEIN Street Water Source Public (Municipal) Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via REALTEAM Real Estate: (586) 580-8092 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 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: 2024-05-28T18:03:16.263.
 
Logo
Real5
625 Kenmoor Ave SE Suite 210
Grand Rapids MI, 49546