Keller Williams Domain - Ray Matti
1/1
Listing Courtesy Of: RE/MAX Leading Edge, (734) 404-8800, Ryan Kain
Listing Sold By: KW City
Local Realty Services Provided By: KW Metro
Overview
What It'll Cost
Neighborhood
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$15,000
1987 RICHTON Street, Detroit, MI 48206
2 Baths
1,818 sq ft
.07 ac
$15,000

1987 RICHTON Street, Detroit, MI 48206

Estimation provided by Keller Williams Realty Inc.
2 Baths
1,818 sq ft
.07 ac
Sold
Sold

Property Description

**OPPORTUNITY** Investors, here is your next rehab project! Turn this 2 unit property into a cash flow machine; each unit features a spacious living room, dining room, kitchen, bathroom, and 2 bedrooms! The property did have a relatively small fire in one of the upper bedrooms but the damage was contained. The property does have hardwood flooring that may be salvageable, forced air heating, and some vinyl windows in the first floor unit that could probably be saved! Sec 8 rents for a property like this should be $1,100-1,200/month per unit, with cash paying tenants paying slightly less. Located in the 48306 zip code where there are too many redevelopment and development projects to list! Quick access to M-10 so 10 minutes or less to downtown! NO SELLER FINANCING, CASH OR HARD MONEY ONLY

Property Details

Compare This Home
Overview
Property Type
Multifamily
Property Size
1,818 sq ft
Year Built
1924
Days on Site
291 Days
HVAC
Forced Air
Parking
Yes
Ray Matti at Keller Williams Domain
Keller Williams Domain
6501452672

Activity History

VIEWS
0
SAVES
0
SHARES
0
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

Estimated Monthly Payment

Purchase Price: $15,000
Principal + Interest
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Home Insurance
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HOA/Condo Fee
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This calculator is just an estimate. Contact Keller Williams for full and accurate assessment.

Price & Tax History

Date
Event
Price
09/24/2024
Price Decrease
$34,900
(-12.53%)
08/26/2024
Price Decrease
$39,900
(-11.14%)
07/22/2024
Price Decrease
$44,900
(-10.02%)
06/10/2024
Listed
$49,900
(+487.06%)
11/15/2023
Sold
$8,500
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2020
$758.44
(+1.04%)
$21,900
No Breakdown Available
2019
$750.66
(+9.91%)
$13,200
No Breakdown Available
2018
$683
(+628.46%)
$11,800
No Breakdown Available
2017
$93.76
$12,300
No Breakdown Available
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Ray Matti at Keller Williams Domain
Keller Williams Domain
6501452672

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