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Key Details
Sold Price $140,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Ecorse City
MLS Listing ID 24039272
Sold Date 09/17/24
Year Built 1929
Annual Tax Amount $5,177
Tax Year 2023
Lot Size 3,006 Sqft
Acres 0.07
Lot Dimensions 98X32X29X98
Property Description
Outstanding Investment Opportunity in Ecorse, Michigan! This well-maintained two-unit multifamily duplex features a spacious three-bedroom upper unit and a cozy two-bedroom lower unit. With long-term, reliable tenants already in place, this property ensures stable income and minimal turnover. Boasting an impressive 12.5% return on investment cap rate, this is a prime chance to enhance your portfolio. Located in the vibrant city of Ecorse, this duplex combines profitability with peace of mind. Property is situated just a couple blocks west of Detroit-River.
..........................DO NOT DISTRUB TENANTS.
Location
State MI
County Wayne
Area Wayne County - 100
Direction West of Jefferson Avenue, North of Southfield Rd.
Rooms
Basement Other
Interior
Heating Forced Air
Cooling None
Fireplaces Number 1
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Water Available
View Y/N No
Roof Type Other
Street Surface Paved
Total Parking Spaces 4
Building
Sewer Public Sewer
Structure Type Block,Vinyl Siding
New Construction No
Schools
School District Ecorse
Others
Tax ID 34-003-02-0015-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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