MI > Detroit > Linwood Heights Sub (Plats)
Detroit, MI 48206,2638 RICHTON Street
$365,000
Est. payment /mo
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4 BD
5 BA
4,800 SqFt
Pending

2638 RICHTON Street Detroit, MI 48206

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David Elwood

David Elwood

+1(248) 568-5958

UPDATED:

10/10/2024 02:25 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $76

Subdivision Linwood Heights Sub (Plats)

MLS Listing ID 20240062807

Style Quadruplex

Bedrooms 4

Full Baths 5

Originating Board Realcomp II Ltd

Year Built 1925

Annual Tax Amount $1,572

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 53.00 x 121.00

Property Description

REDUCED. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2638-2640 RICHTON NESTLED ON A 6,534 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW HARDWOOD OR CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,301 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PERC. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 200 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Direction Richton & Linwood

Rooms

Basement Unfinished

Interior

Heating Wall/Floor Furnace

Fireplace no

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Architectural Style Quadruplex

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W10I003511S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by 1st Michigan Real Estate

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David Elwood

Broker Associate | License ID: 6506045662

+1(248) 568-5958

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2638 RICHTON Street