$355,000
$375,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
8820 RUSSELL Street Shelby Twp, MI 48317
2 Beds
2 Baths
1,660 SqFt
Key Details
Sold Price $355,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,660 sqft
Price per Sqft $213
Subdivision S/P Cross Goodale (Shelby Twp)
MLS Listing ID 20221037694
Sold Date 10/26/22
Style Duplex
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1960
Annual Tax Amount $2,525
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 80x140
Property Description
Completely renovated from top to bottom Shelby Township Duplex. This Duplex will require ZERO maintenance for years to come! New roof, windows, driveway & walkways, furnaces, hot water tanks, all interior/exterior paint, new kitchens with quartz counter-tops and new SS appliances. New plumbing & electrical. 2 car garage separated for each unit. In-unit laundry and a huge double lot.
7+% CAP RATE! Estimated monthly rent income per unit is $1,400 or $33,600 gross annually. Owner Expenses include: Property taxes $2,888, Estimated insurance$1800/yr estimated water bills $650, estimated yard maintenance $1400 annually. Total expenses: $6,738. ANNUAL NET INCOME: $26,862. This is a solid turn key investment that will not require capital investments for years to come.
Location
State MI
County Macomb
Area Shelby Twp
Zoning Multi-Family
Direction S of 21 mile, West off of Van Dyke
Interior
Hot Water Electric, Separate Meters
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Private Entry
Roof Type Asphalt
Road Frontage Paved
Garage yes
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Community
Architectural Style Duplex
Level or Stories 1 Story
Structure Type Aluminum,Brick
Schools
School District Utica
Others
Pets Allowed Yes
Tax ID 0734179004
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, FHA, VA
Rebuilt Year 2022
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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