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8762 Epworth Street

Detroit, MI 48204
  • $410,000
  • STATUS: Active
  • ON SITE: 153 Days
  • MLS #: 20230105313
UPDATED: 154 min ago
$410,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,500
    SQFT
  • $117
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Zoning:
Multi-Family
Lot Size Dimensions:
35.00 x 143.00

School Ratings & Info

School District:

Description

HIGHEST AND BEST DUE BY MONDAY AT 5PM. WELCOME TO 8762 EPSWORTH, DETROIT, MI " AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF THE CITY! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN EACH UNIT. IMAGINE THE POTENTIAL FOR PASSIVE INCOME WITH AN ESTIMATED $5,200 PER MONTH IN RENTS, TOTALING AN IMPRESSIVE $62,400 ANNUALLY. THIS PROPERTY IS A SAVVY INVESTOR'S DREAM, PROVIDING AN EXCELLENT RETURN ON INVESTMENT. THIS MULTIFAMILY GEM IS NOT JUST ABOUT NUMBERS; IT'S ABOUT LIFESTYLE TOO. THE STRATEGIC LOCATION PUTS YOU JUST 7 MINUTES AWAY FROM DOWNTOWN DETROIT, MAKING IT AN IDEAL CHOICE FOR THOSE WHO VALUE CONVENIENCE AND ACCESSIBILITY. SITUATED RIGHT OFF THE FREEWAY, COMMUTING BECOMES A BREEZE, OFFERING EASY ACCESS TO ALL THAT THE CITY HAS TO OFFER. ONE OF THE UNIQUE FEATURES OF THIS PROPERTY IS ITS SUITABILITY FOR HOUSE HACKING. LIVE IN ONE UNIT AND LET THE OTHER THREE UNITS CONTRIBUTE TO YOUR MORTGAGE OR PROVIDE A STEADY STREAM OF RENTAL INCOME. IT'S A SMART WAY TO MAKE YOUR HOUSING EXPENSES WORK FOR YOU. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS WITH ALL NECESSARY PERMITS PULLED. THE ENTIRE BUILDING HAS BEEN REFRAMED, ENSURING STRUCTURAL INTEGRITY AND LONGEVITY. UPGRADES INCLUDE NEW PLUMBING, HEATING, AND COOLING SYSTEMS, AS WELL AS ELECTRICAL IMPROVEMENTS. THE INTERIOR BOASTS TOP-OF-THE-LINE FINISHES, INCLUDING GRANITE COUNTERTOPS, PROVIDING A TOUCH OF LUXURY TO EACH UNIT. ENJOY THE BENEFITS OF MODERN LIVING WITH HIGH-EFFICIENCY FURNACES, ENSURING COMFORT WHILE KEEPING UTILITY COSTS IN CHECK. DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY TO INVEST IN A TURNKEY PROPERTY THAT COMBINES MODERN AMENITIES WITH A PRIME LOCATION. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, 8762 EPSWORTH IS A MUST-SEE. SCHEDULE YOUR VIEWING TODAY AND MAKE YOUR MARK ON THE DETROIT REAL ESTATE SCENE!

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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: 2024-05-24T20:03:23.793.
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8762 Epworth Street Detroit, MI 48204

  • Price: $410,000
  • Status: Active
  • On Site: 153 Days
  • Updated: 154 min ago
  • MLS #: 20230105313
0
Beds
4
Baths
0
½ Baths
0.12
Acres
3,500
SQFT
$117
$/SQFT
1924
Built
Neighborhood:
DAILEY PARK SUB (PLATS)
County:
Wayne
Area:
Det South Of Grand River
School District:
DETROIT
Property Description
HIGHEST AND BEST DUE BY MONDAY AT 5PM. WELCOME TO 8762 EPSWORTH, DETROIT, MI " AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF THE CITY! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN EACH UNIT. IMAGINE THE POTENTIAL FOR PASSIVE INCOME WITH AN ESTIMATED $5,200 PER MONTH IN RENTS, TOTALING AN IMPRESSIVE $62,400 ANNUALLY. THIS PROPERTY IS A SAVVY INVESTOR'S DREAM, PROVIDING AN EXCELLENT RETURN ON INVESTMENT. THIS MULTIFAMILY GEM IS NOT JUST ABOUT NUMBERS; IT'S ABOUT LIFESTYLE TOO. THE STRATEGIC LOCATION PUTS YOU JUST 7 MINUTES AWAY FROM DOWNTOWN DETROIT, MAKING IT AN IDEAL CHOICE FOR THOSE WHO VALUE CONVENIENCE AND ACCESSIBILITY. SITUATED RIGHT OFF THE FREEWAY, COMMUTING BECOMES A BREEZE, OFFERING EASY ACCESS TO ALL THAT THE CITY HAS TO OFFER. ONE OF THE UNIQUE FEATURES OF THIS PROPERTY IS ITS SUITABILITY FOR HOUSE HACKING. LIVE IN ONE UNIT AND LET THE OTHER THREE UNITS CONTRIBUTE TO YOUR MORTGAGE OR PROVIDE A STEADY STREAM OF RENTAL INCOME. IT'S A SMART WAY TO MAKE YOUR HOUSING EXPENSES WORK FOR YOU. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS WITH ALL NECESSARY PERMITS PULLED. THE ENTIRE BUILDING HAS BEEN REFRAMED, ENSURING STRUCTURAL INTEGRITY AND LONGEVITY. UPGRADES INCLUDE NEW PLUMBING, HEATING, AND COOLING SYSTEMS, AS WELL AS ELECTRICAL IMPROVEMENTS. THE INTERIOR BOASTS TOP-OF-THE-LINE FINISHES, INCLUDING GRANITE COUNTERTOPS, PROVIDING A TOUCH OF LUXURY TO EACH UNIT. ENJOY THE BENEFITS OF MODERN LIVING WITH HIGH-EFFICIENCY FURNACES, ENSURING COMFORT WHILE KEEPING UTILITY COSTS IN CHECK. DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY TO INVEST IN A TURNKEY PROPERTY THAT COMBINES MODERN AMENITIES WITH A PRIME LOCATION. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, 8762 EPSWORTH IS A MUST-SEE. SCHEDULE YOUR VIEWING TODAY AND MAKE YOUR MARK ON THE DETROIT REAL ESTATE SCENE!
Exterior Features

Architecture Level 2 Story Architecture Style Quadruplex Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 35.00 x 143.00 Parking Total 0 Pool YN No Road Frontage Feet 0 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 4.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 3500 Sq Ft Total Basement 1485 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 0.00 Down Payment Resource YN Yes Encroachment YN No Exclusions YN No Existing Lease YN No Gross Scheduled Income 60000.00 Homestead YN No Income Projection Projected Inventory List YN No Land Contract YN No Legal Rental Certified YN No Listing Financing CashConventionalFHAVA Monthly Rental Income 5000 Number Of Units Leased 0 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Call Postal City Detroit Protection Period 1 Restrictions YN No Settlement City Sewer Sewer at Street Short Sale No Tax Amount Summer 0.0000 Tax Amount Winter 0.0000 Title Standard (Private) Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 8762 EPWORTH Street Water Source Water at Street Year Remodeled 2023 Zone Conform YN Yes Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via 1st Michigan Real Estate: 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: 2024-05-24T20:03:23.793.
 
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