$354,000
$350,000
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8515 PRAIRIE Street Detroit, MI 48204
1,152 SqFt
Key Details
Sold Price $354,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 1,152 sqft
Price per Sqft $307
Subdivision Frischkorns Tireman Park (Plats)
MLS Listing ID 20230060195
Sold Date 08/30/23
Originating Board Realcomp II Ltd
Year Built 1926
Annual Tax Amount $747
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40.00 x 109.00
Property Sub-Type Business And Real Estate
Property Description
HIGHEST AND BEST MONDAY AT NOON. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 8510 PRAIRIE NESTLED ON A 4,791 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL 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 NEWER PLUMBING AND ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4,720 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%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 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 6-Tire - Grnfld - Livernois
Zoning Multi-Family
Direction prarie & macquenzie
Interior
Heating Wall/Floor Furnace
Heat Source Natural Gas
Exterior
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I023582S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional
Rebuilt Year 2023
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Max Broock, REALTORS®-Detroit