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423 W Grand Boulevard

Detroit, MI 48216
  • $500,000
  • STATUS: Active
  • ON SITE: 238 Days
  • MLS #: 20230084455
UPDATED: 103 min ago
$500,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,202
    SQFT
  • $119
    $/SQFT
Type:
Multi-Family
Built:
1910
County:
Zoning:
Multi-Family
Lot Size Dimensions:
45.00 x 135.00

School Ratings & Info

School District:

Description

Grand Blvd remarksOpportunities like this fully rented quadplex are few and far between! Now is your opportunity to own a cash flowing asset in the quickly appreciating area of Southwest Detroit in the highly desired Hubbard Farms Neighborhood. Tenants will love that they will be in walking distance to the heart of Mexicantown where they can find many shops restaurants and grocery stores. Mexicantown has caught the eye of tourists and is becoming a popular destination for those looking to experience a cultural fusion just outside of downtown Detroit, a 5 minute drive from this quadplex. Besides the outstanding location, it is rare to find a home with 4 units that each have two bedrooms, a full bathroom, and kitchen. The property also features a full basement, a shed for storage, and a fenced yard with opportunity to fit many cars for safe parking. Windows, furnaces, and hot water tanks are newer! Money is being pumped into this area with the construction of Gordie Howe International bridge that will take transportation and tourism to new heights and create boundless opportunity. While each unit has great cash flow now, the future for rent has exponential growth potential.

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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.
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423 W Grand Boulevard Detroit, MI 48216

  • Price: $500,000
  • Status: Active
  • On Site: 238 Days
  • Updated: 103 min ago
  • MLS #: 20230084455
0
Beds
4
Baths
0
½ Baths
0.14
Acres
4,202
SQFT
$119
$/SQFT
1910
Built
Neighborhood:
Plat Of B Hubbards Sub (Plats)
County:
Wayne
Area:
Det South Of Grand River
School District:
DETROIT
Property Description
Grand Blvd remarksOpportunities like this fully rented quadplex are few and far between! Now is your opportunity to own a cash flowing asset in the quickly appreciating area of Southwest Detroit in the highly desired Hubbard Farms Neighborhood. Tenants will love that they will be in walking distance to the heart of Mexicantown where they can find many shops restaurants and grocery stores. Mexicantown has caught the eye of tourists and is becoming a popular destination for those looking to experience a cultural fusion just outside of downtown Detroit, a 5 minute drive from this quadplex. Besides the outstanding location, it is rare to find a home with 4 units that each have two bedrooms, a full bathroom, and kitchen. The property also features a full basement, a shed for storage, and a fenced yard with opportunity to fit many cars for safe parking. Windows, furnaces, and hot water tanks are newer! Money is being pumped into this area with the construction of Gordie Howe International bridge that will take transportation and tourism to new heights and create boundless opportunity. While each unit has great cash flow now, the future for rent has exponential growth potential.
Exterior Features

Architecture Level 2 Story Architecture Style Historic Construction Materials Brick Foundation Details Basement Foundation Materials Brick/Mortar Garage YN Yes Lot Size Dimensions 45.00 x 135.00 Parking Total 0 Pool YN No Road Frontage Feet 0 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Partially Finished Basement YN Yes Baths Total 4.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Prior Listing Sq Ft Combined 5402 Sq Ft Lower Floor 1200 Sq Ft Total Basement 2072 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 4

Property Features

Assessment 240.00 Down Payment Resource YN Yes Existing Lease YN Yes Gross Scheduled Income 33600.00 Income Projection Projected Land Contract YN No Listing Financing CashConventionalFHAVAWarranty Deed Monthly Rental Income 2800 Number Of Units Leased 4 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN Yes Pets Allowed Yes Postal City Detroit Protection Period 365 Restrictions YN No Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 716.0000 Tax Amount Winter 65.0000 Title Standard (Private) Total Tax 781.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 423 W GRAND Boulevard Water Source Public (Municipal) Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via EXP Realty LLC: (888) 501-7085 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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