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49 Farrand Park

Highland Park, MI 48203
  • $175,000
  • STATUS: Active
  • ON SITE: 115 Days
  • MLS #: 20240006353
Price Reduced
UPDATED: 117 min ago
$175,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,088
    SQFT
  • $84
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1916
County:
Zoning:
Residential
Lot Size Dimensions:
50.00 x 163.80

School Ratings & Info

School District:

Description

Income producing rooming house one block off Woodward and only 10mins from downtown. This area is going through a $127million revitalization project. Property has landlord/owners living quarters with separate entrance and hot tub. Property currently has 10 rooms, including landlords suite. Six (6) rooms are occupied and generate $3k per month in rental income. When fully occupied the property generates $5k plus per month. House has 2 kitchens and 3 full bathrooms. IDRBNG BATVAI

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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: 2024-05-29T14:02:30.827.
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49 Farrand Park Highland Park, MI 48203

  • Price: $175,000
  • Status: Active
  • On Site: 115 Days
  • Updated: 117 min ago
  • MLS #: 20240006353
0
Beds
3
Baths
0
½ Baths
0.19
Acres
2,088
SQFT
$84
$/SQFT
1916
Built
Neighborhood:
Highland Height Sub
County:
Wayne
Area:
Highland Park
School District:
HIGHLAND PARK
Property Description
Income producing rooming house one block off Woodward and only 10mins from downtown. This area is going through a $127million revitalization project. Property has landlord/owners living quarters with separate entrance and hot tub. Property currently has 10 rooms, including landlords suite. Six (6) rooms are occupied and generate $3k per month in rental income. When fully occupied the property generates $5k plus per month. House has 2 kitchens and 3 full bathrooms. IDRBNG BATVAI
Exterior Features

Architecture Level 2 Story Architecture Style Traditional Construction Materials BrickVinyl Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions 50.00 x 163.80 Pool YN No Porch Type Porch - CoveredPorch Road Frontage Feet 0 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Partially Finished Basement YN Yes Baths Total 3.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 2888 Sq Ft Lower Floor 800 Sq Ft Total Basement 1120 Unit Efficiency Number Of 10 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Assessment 0.00 Exclusions YN Yes Existing Lease YN No Gross Scheduled Income 60000.00 Income Projection Projected Land Contract YN No Listing Financing CashConventional Monthly Rental Income 5000 Net Operating Income 42000.00 Number Of Units Leased 6 Operating Expense 18000.00 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN Yes Pets Allowed No Postal City Highland Park Protection Period 180 Rent Includes HeatElectricInternetSnow RemovalTrash Collection (Garbage Pickup)Water Settlement City Sewer Sewer at Street Short Sale No Tax Amount Summer 1273.0000 Tax Amount Winter 235.0000 Title Standard (Private) Total Tax 1508.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 49 Farrand Park Water Source Water at Street Zoning Residential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Real Estate One-Royal Oak: (248) 548-9100 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: 2024-05-29T14:02:30.827.
 
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