$175,000
3990 BEACONSFIELD Street Detroit, MI 48224 3308
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$175,000
Est. payment /mo
2 BA
2,039 SqFt
Price Dropped by $25K
3990 BEACONSFIELD Street Detroit, MI 48224 3308
UPDATED:
10/30/2024 01:37 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,039 sqft
Price per Sqft $85
Subdivision Mi
MLS Listing ID 60349482
Style 2 Story
Full Baths 2
Year Built 1927
Annual Tax Amount $1,249
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40.00 x 112.00
Property Description
LOCATED 7 MINUTES FROM THE INFAMOUS CITY OF GROSSE POINTE AND JEFFERSON/CHALMERS, YOU WILL FIND 3990 BEACONSFIELD NESTLED ON A HUGE 4,356 SQUARE FOOT LOT IN THE QUIET "MORNINGSIDE" NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST A BRAND NEW 40 YEAR TEAR OFF ROOF TOWERING OVER TWO SPACIOUS 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1413 AND $1277 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT FOR A WHOPPING TOTAL OF $2690. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Floor Furnace
Fireplace No
Exterior
Exterior Feature Brick
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water at Street
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $340
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by 1st Michigan Real Estate
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