$77,000
$78,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
14528 LAPPIN Street Detroit, MI 48205
2 Beds
2 Baths
1,350 SqFt
Key Details
Sold Price $77,000
Property Type Multi-Family
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,350 sqft
Price per Sqft $57
Subdivision Gratiot American Park
MLS Listing ID 20240053736
Sold Date 10/04/24
Style Bungalow
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1926
Annual Tax Amount $1,233
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 127.00
Property Sub-Type Bungalow
Property Description
This high-yielding investment opportunity in Detroit awaits you! This duplex (2/1 downstairs and 1/1 upstairs) is occupied by long term tenants at monthly rent income of $1,400. Tenant pays water and gas (separately metered), Landlord pays water. Investment yield 16.8%. Garage for 1.5 cars, property is well maintained. Favorable price for the portfolio of 7 homes: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini - contact Agent for details. ** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Zoning Multi-Family
Direction N of 7 Mile/E of Gratiot
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Level or Stories 2 Story
Structure Type Other
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W21I021744S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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