Detroit, MI 48202,540-542 HOLBROOK Street
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$ 250,000
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Pending

540-542 HOLBROOK Street Detroit, MI 48202

2 Beds

2 Baths

2,112 SqFt


UPDATED:

11/28/2024 05:14 PM

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Pending

Purchase Type For Sale

Square Footage 2,112 sqft

Price per Sqft $118

Subdivision Howlands

MLS Listing ID 20240085991

Style Colonial

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1915

Annual Tax Amount $1,169

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30.00 x 113.00

Property Description

Welcome to 540-542 Holbrook Ave, a beautifully updated duplex in a prime Michigan Opportunity Zone, offering exceptional tax advantages and long-term growth potential! Perfect for investors or owner-occupants, each unit features 2 spacious bedrooms, 1 bathroom, and gorgeous hardwood flooring throughout.

Recent updates include a new roof, modern plumbing, gutters, and electrical systems, ensuring worry-free ownership. Both units have been freshly painted, creating a bright and inviting atmosphere. The upstairs unit boasts a fully renovated kitchen with new cabinets, luxury vinyl flooring, countertops, and doors, along with an updated bathroom featuring a new tub, flooring, sink, and vanity.

Additional highlights include a 2-car garage and a sizable adjacent lot, offering outdoor space for recreation, gardening, or potential development.

Currently rented on month-to-month leases at $1,000 per unit, with area rental comps averaging $1,200 per unit, this property offers substantial cash flow potential.

Don’t miss this rare opportunity to own a move-in-ready duplex with incredible tax advantages—schedule your showing today!

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family,Residential

Direction East Of Woodward And West Of Oakland

Rooms

Basement Unfinished

Interior

Interior Features Smoke Alarm, 100 Amp Service, High Spd Internet Avail, Laundry Facility, Programmable Thermostat

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Exterior Feature Gutter Guard System, Fenced

Garage Spaces 2.0

Roof Type Asphalt

Porch Balcony

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W03I002414S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash, Conventional, FHA

Rebuilt Year 2019

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA


Realcomp MLS
Listed by Antonio Wells of Max Broock, REALTORS®-Birmingham

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