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14615 Mettetal Street

Detroit, MI 48227
  • $139,900
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 20230062324
UPDATED: 167 min ago
$139,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,660
    SQFT
  • $53
    $/SQFT
Type:
Multi-Family
Built:
1927
County:
Zoning:
Residential
Lot Size Dimensions:
17.00 x 303.00

School Ratings & Info

School District:

Description

**INVESTORS** Add this cash-flowing 2-unit multi-family located on the lovely Grandmont-Rosedale neighborhood to your rental portfolio today! The lower unit has a long-term tenant (5+ years) on a lease thru 1/31/2026, paying $850/month until 2/1/2025 and then $875/month for the remainder of the lease term. The property features separate gas and electric meters, forced air heating, updated 100 amp electrical panels, a completely new PVC sewer line, vinyl windows, separate basements, PEX & PVC plumbing, and much more! The upper unit requires light cosmetics to get it into rental condition, but rents for similar units are going for as high as $1,350/month for Sec. 8 tenants. This property is located in the Northwest/Grand River Strategic Neighborhood Fund area, which has see multiple streetscapes revamped and improved, hundreds of homes rehabbed and brought back to productive use, and inflow of new homeowners, and millions in public and private investment with more to come!

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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: 2024-05-29T12:00:59.293.
www.real5.com/homes/148477931
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14615 Mettetal Street Detroit, MI 48227

  • Price: $139,900
  • Status: Active
  • On Site: 78 Days
  • Updated: 167 min ago
  • MLS #: 20230062324
0
Beds
2
Baths
0
½ Baths
0.12
Acres
2,660
SQFT
$53
$/SQFT
1927
Built
Neighborhood:
B E TAYLORS SUNSET GLEN (PLATS)
County:
Wayne
Area:
Det - Schcraft-6 Grnfld-limits
School District:
DETROIT
Property Description
**INVESTORS** Add this cash-flowing 2-unit multi-family located on the lovely Grandmont-Rosedale neighborhood to your rental portfolio today! The lower unit has a long-term tenant (5+ years) on a lease thru 1/31/2026, paying $850/month until 2/1/2025 and then $875/month for the remainder of the lease term. The property features separate gas and electric meters, forced air heating, updated 100 amp electrical panels, a completely new PVC sewer line, vinyl windows, separate basements, PEX & PVC plumbing, and much more! The upper unit requires light cosmetics to get it into rental condition, but rents for similar units are going for as high as $1,350/month for Sec. 8 tenants. This property is located in the Northwest/Grand River Strategic Neighborhood Fund area, which has see multiple streetscapes revamped and improved, hundreds of homes rehabbed and brought back to productive use, and inflow of new homeowners, and millions in public and private investment with more to come!
Exterior Features

Architecture Level 2 Story Architecture Style Upper/Lower Apartment Construction Materials Brick Foundation Details Basement Foundation Materials Brick/Mortar Garage YN Yes Lot Size Dimensions 17.00 x 303.00 Multifamily Parking GaragesOn Street Pool YN No Porch Type Balcony Road Frontage Feet 17 Road Frontage Type PavedPub. Sidewalk Roof Material Asphalt 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 Interior Features 100 Amp ServiceCable AvailableCircuit Breakers Living Area Source Public Records Sq Ft Combined 2660 Sq Ft Total Basement 1200 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 2 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Assessment 340.00 Down Payment Resource YN Yes Existing Lease YN Yes Gross Scheduled Income 10200.00 Homestead YN No Income Projection Actual Land Contract YN No Legal Rental Certified YN No Listing Financing CashConventionalWarranty Deed Monthly Rental Income 850 Number Of Units Leased 1 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed No Postal City Detroit Protection Period 3 Months Rent Includes Water/SewerTrash Collection (Garbage Pickup)Water Settlement City Sewer Public Sewer (Sewer-Sanitary)Sewer at Street Short Sale No Tax Amount Summer 1890.0000 Tax Amount Winter 240.0000 Title Standard (Private) Total Tax 2130.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 14615 METTETAL Street Water Source Public (Municipal)Water at Street Year Remodeled 2019 Zone Conform YN Yes Zoning Residential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via RE/MAX Leading Edge: (734) 404-8800 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: 2024-05-29T12:00:59.293.
 
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