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$ 345,000
Est. payment | /mo
4 Baths
6,534 Sqft Lot
$ 345,000
Est. payment | /mo
4 Baths
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250009652
Originating Board Realcomp
Year Built 1924
Annual Tax Amount $4,138
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 53.00 x 119.00
Property Description
MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST AT 5PM ON MONDAY. WELCOME TO 2945 W GRAND ST, LOCATED NEAR THE VIBRANT NEIGHBORHOODS OF BOSTON EDISON, HIGHLAND PARK, AND NEW CENTER. THIS FULLY UPDATED FOUR-UNIT PROPERTY IS PERFECT FOR INVESTORS OR HOUSE HACKERS LOOKING TO MAXIMIZE RETURNS. EACH UNIT FEATURES 2 BEDROOMS AND 1 BATHROOM, OFFERING COMFORTABLE AND AFFORDABLE LIVING SPACES THAT ATTRACT RELIABLE TENANTS. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS, INCLUDING A BRAND-NEW ROOF, UPDATED PLUMBING AND ELECTRICAL SYSTEMS, NEW FURNACES, AND HOT WATER TANKS. KITCHENS HAVE BEEN MODERNIZED WITH NEW CABINETS, COUNTERTOPS, AND VINYL FLOORING, WHILE FRESH CARPET AND FINISHES COMPLETE THE INTERIOR UPGRADES. ADDITIONALLY, A NEW 6-INCH MAIN DRAIN CLEANOUT HAS BEEN INSTALLED IN THE BACKYARD, ENSURING PEACE OF MIND FOR YEARS TO COME. THIS PROPERTY IS ALREADY INCOME-PRODUCING, WITH FOUR UNITS CURRENTLY RENTED THROUGH SECTION 8 BRINGING IN 4201 PER MONTH . THIS IS A FANTASTIC OPPORTUNITY TO GROW YOUR PORTFOLIO IN DETROIT'S THRIVING RENTAL MARKET.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Grand & Lawton
Interior
Heating Wall Furnace
Exterior
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I004613S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Downtown Realty
GET MORE INFORMATION
Shyanne Queen
Associate Broker/Team Lead | License ID: 6506049089
+1(616) 610-2005 | shyannesoldit@gmail.com