Homes for sale - 4234 W Davison, Detroit, MI 48238

Additional details

Allen Team

allenteamsells@gmail.com +1(734) 564-3330

$625,000

Est. payment - /mo

10 Baths

7,676 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,676 sqft

Price per Sqft $81

Subdivision Robt Oakmans Livernois & Ford Hwy Sub

MLS Listing ID 20251047354

Style Other

Full Baths 10

Year Built 1954

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type MultiFamily

Property Description

MULTIPLE OFFER SITUATION! HIGHEST AND BEST DUE BY TUESDAY THE 25th by 5pm. LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 4234 WEST DAVISON NESTLED ON A 7,841 SQUARE FOOT LOT IN THE QUIET “OAKMAN BOULEVARD” NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOASTS 10 ONE BEDROOM APARTMENTS. SHE HAS BEEN CAREFULLY UPGRADED FROM THE BRAND NEW ROOF TEAR OFF DOWN TO EVERY INCH OF ELECTRICAL IN EACH UNIT. IN ADDITION, THIS BEAUTY HAS AN ENTIRE NEW HEATING SYSTEM AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. EVERY UNIT HAS BEEN RECENTLY RENTED TO SECTION 8 TENANTS, MOST ON A 2 YEAR LEASE. THE MONTHLY DIVIDENDS ARE JUST UNDER 10K AT $9,976 AND ARE PAID BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $1,000 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 Area05041Det68Grflddequindre

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

High Schools Detroit

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

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Listed by Lauryn Johnson of KW Domain

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Allen Team

+1(734) 564-3330

Agent | License ID: 65001357867

Agent License ID: 65001357867

4234 W Davison Detroit, MI 48238

Allen Team

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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