$125,000
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10264 Nottingham Road Detroit, MI 48224
3,485 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Detroit City
MLS Listing ID 24027985
Sold Date 08/20/24
Year Built 1928
Annual Tax Amount $2,049
Tax Year 2023
Lot Size 3,485 Sqft
Acres 0.08
Lot Dimensions 35 X 101.25
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
This property is a fantastic investment opportunity with immediate positive cash flow. Located in Detroit, it's a rare find in today's market. The upstairs unit is currently occupied by a Section 8 tenant, providing a steady income of $880 per month. Additionally, the downstairs unit boasts a long-term tenant with an excellent payment history, contributing $975 per month. This property not only offers a consistent income stream but also benefits from the stability that comes with long-term, reliable tenants. With the Section 8 program in place and a history of timely payments from both tenants, this investment promises a secure and lucrative return. Don't miss out on this rare opportunity to add a high-performing asset to your portfolio
Location
State MI
County Wayne
Area Wayne County - 100
Direction GPS
Rooms
Basement Full
Interior
Heating Forced Air
Fireplaces Number 1
Laundry In Basement
Exterior
Utilities Available Water Available, Sewer Available, Electricity Available, Electricity Connected
View Y/N No
Total Parking Spaces 2
Building
Sewer Public Sewer
Structure Type Vinyl Siding,Wood Siding
New Construction No
Schools
School District Detroit
Others
Tax ID 21066576.
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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