8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
8210 Decatur Street, Detroit, MI 48228
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Marissa Harrington

Marissa Harrington

+1(269) 352-5865
$ 99,000
Est. payment | /mo

2 Baths

4,356 Sqft Lot

Save
$ 99,000
Est. payment | /mo
Save

2 Baths

4,356 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261060226

Year Built 1927

Annual Tax Amount $6,165

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35X126.7

Source Realcomp

Property Description

SECTION 8 TENANT IN PLACE AND CASHFLOWING! Welcome to the SECTION 8 passive cashflow that Detroit has to offer. This property is the perfect entry point and has all the basics of a sound investment: (1) Existing cashflow with a long term SECTION 8 tenant in place at $1237/month(2) Plenty of EQUITY to refinance and even execute a BRRR to pull all the money out(3) Great potential for appreciation. Detroit is on the raise and this property's close proximity to Dearborn makes it even better. That's not all - the upper unit is totally renovated and tenant ready. The seller is determined to make this an easy win for you so there is one more perk. This property is profesionally managed by a management company specifically focused on Detroit Section 8 and if you keep them on, they'll lease the upper unit. Key highlights: - New boiler 5 years ago ($6000 install)- New drain line to the city tap with permits pulled ($5000)- Upstairs unit totally updated and ready to a section 8 tenant for about $1100 for total income of $2237- No known roof leaksTerms of the offer: - offers without a physical walk through by a contractor, agent or buyer will not be considered- offers must have a proof of funds, pre-approval and be completely filled out- This is priced to sell fast so seller will only select buyers who show a level of urgency

Location

State MI

County Wayne

Zoning Residential

Direction Turn onto Decatur st. from Schaefer

Interior

Heating Baseboard, Forced Air, Radiant

Exterior

View Y/N No

Building

Water Public

Structure Type Brick,Shingle Siding,Wood Siding

Schools

School District Detroit

Others

Tax ID W22I032236S

Acceptable Financing Cash, FHA, Land Contract, VA Loan

Listing Terms Cash, FHA, Land Contract, VA Loan

Special Listing Condition {"Other":true}

Listed by NEXGEN Realty
Marissa Harrington

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 352-5865

broker@bluehorizonrealestate.org

2624 Portage St, Kalamazoo, MI, 49001, USA

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8210 Decatur Street

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