Address
3854 31St Detroit, MI
Price
$ 270,000
Property Attributes
  • MLS#40178273
  • TypePending
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip482 103
  • Style
  • Year Built1925
  • Taxes$ 2188
  • Price$ 270,000
  • Bedrooms0
  • Full Bathrooms4
  • Half Bathrooms4
  • Sqr Footage4236
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServices HWWB - 248-646-6200
Data Source:
MiRealSource (MIRS)
Property Description

Investor is reducing portfolio- Brick Quadruplex, with 4 2BR/1bath units, currently 75% occupied at $700 per month for each unit. The building has a common entry with interior unit entries/stairs; common basement with individual storage spaces, laundry, individual water heaters, individual furnaces; and separate gas/electric meters. Potential 8% cap rate fully occupied at the current rents. The building has value add opportunity with buyer upgrades. May be purchased as bundle with 14030 San Juan Street, Detroit.

Price History
5/25/2021 Listed $275,000
7/19/2021 2% - $270,000

General Features

Basement Block, Common
Bathrooms 4.4
Class MULTIFAMILY
Directions See above
Financial Terms Cash, Conventional
Full Baths 4
Half Baths 4
Heating Forced Air
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Private
Parking On Street
School District Detroit City School District
Source Mls MI Real Source
Status Pending
Status Pending
Structure Style 2 Story
Subdivision SCRIPPS & BREARLEYS (PLATS)
Subj To Short Sale Apprvl No
Type Multi-Family
Water Public Water
Water Heater Gas
Year Built 1925
Zoning Residential

Interior Features

Fuel Type Natural Gas
Total Number of Units 4
Unit 1 Rent Rate 650
Unit 2 Rent Rate 750

Exterior Features

Exterior Brick
Foundation Type Slab
Frontage 45
Lot Dimensions 45.00X144.00
Lot Size Area 0.15
Roads Paved Street
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 482 103

Price
AVG $110K
$270K
Taxes
AVG $1,344
$2,188
Visits
AVG 1
1
Year Built
AVG 1913
1925
Walkscore
AVG 61
65
Data Provided by Walkscore ® not using MLS data

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