$281,000
$299,900
6.3%For more information regarding the value of a property, please contact us for a free consultation.
21556 MORLEY AVE Dearborn, MI 48124
2 Beds
2 Baths
2,625 SqFt
Key Details
Sold Price $281,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,625 sqft
Price per Sqft $107
Subdivision Detroit Arsenal Grounds
MLS Listing ID 219017811
Sold Date 06/05/19
Style Duplex
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1927
Annual Tax Amount $7,200
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 45.00X175.00
Property Description
Pride of ownership, well-kept, and updated describes this multi-level home within walking distance to downtown Dearborn. RARE opportunity to own this multi-family home with such a prime location! This property has a CAP RATE of 9% and the rent is currently below market value. Recent upgrades include SEPARATE UTILITIES for each unit, ROOF, GUTTERS, FURNACE-A/C-HWH for each unit, EXPOSED AGGREGATE CONCRETE PAD for additional parking, and FINISHED ATTIC that is now used as a very large 4th bedroom in the upper unit. Original woodwork combined with modern conveniences throughout. Mega front porches for both units, rear balcony for upper unit, and shared backyard space beyond driveway and 2-Car garage. Don't miss out on this one of a kind property that you can live in and rent one floor, or enjoy an established investment with consistent rental history.BATVAI!!
Location
State MI
County Wayne
Area Dearborn
Zoning Multi-Family
Direction North of Michigan Ave and East of Military
Rooms
Basement Common, Interior Access Only
Interior
Interior Features Cable Available, High Spd Internet Avail, Laundry Facility
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Roof Type Asphalt
Porch Balcony, Deck, Porch - Covered
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Architectural Style Duplex
Level or Stories 3 Story
Structure Type Stucco/EIFS
Schools
School District Dearborn
Others
Pets Allowed Yes
Tax ID 32820922102088
Ownership Private Owned,Short Sale - No
SqFt Source PRD
Acceptable Financing Cash, Conventional
Rebuilt Year 2015
Listing Terms Cash, Conventional
Financing Cash,Conventional
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