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15926 Linwood Street

Detroit, MI 48238
  • $40,000
  • STATUS: Active
  • ON SITE: 597 Days
  • ID#: 2200024141
UPDATED: 56 min ago
$40,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $17
    $/SQFT
Type:
Multi-Family
Built:
1926
County:
Zoning:
Multi-Family
Lot Size Dimensions:
30.00X118.00

School Ratings & Info

School District:

Description

This is priced to sell----this home has more than meets the eye......you could actually make this a 2 3 bed units and 1 2 bed unit increasing you NOI....this is a full rehab projected to be around $55000 to 70k depending on your ability to purchase material and control of labor cost. If you are a novice or new to the game, this is not for you. Experienced investor can turn this around on the lower end and make bank! Even after the rehab and the cost of the structure you still end up with equity in the structure. Win Win!!!Remember--this is a HOLD not a FLIP---price is firm as the completed project your return will be solid--$1100 to $1300 per unit and with the bonus unit another $550 per month--bringing this unit to a comfortable to a $3000 to $3200 per month or up to $38,400.00 per year ROI...How do you not win with this project?NO DOWN PAYMENT ONLY CLOSING COST!!!!!! QCD only CASH ONLY--BUYER TO USE SELLERS CLOSING AGENT - Buyer to assume all back taxes and water

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Alex Nugent Team | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-12-05T19:56:03.68.
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15926 Linwood Street Detroit, MI 48238

  • Price: $40,000
  • Status: Active
  • On Site: 597 Days
  • Updated: 56 min ago
  • ID#: 2200024141
0
Beds
2
Baths
0
½ Baths
0.08
Acres
2,400
SQFT
$17
$/SQFT
1926
Built
Neighborhood:
Robert Oakmans Puritan Park (Plats)
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
This is priced to sell----this home has more than meets the eye......you could actually make this a 2 3 bed units and 1 2 bed unit increasing you NOI....this is a full rehab projected to be around $55000 to 70k depending on your ability to purchase material and control of labor cost. If you are a novice or new to the game, this is not for you. Experienced investor can turn this around on the lower end and make bank! Even after the rehab and the cost of the structure you still end up with equity in the structure. Win Win!!!Remember--this is a HOLD not a FLIP---price is firm as the completed project your return will be solid--$1100 to $1300 per unit and with the bonus unit another $550 per month--bringing this unit to a comfortable to a $3000 to $3200 per month or up to $38,400.00 per year ROI...How do you not win with this project?NO DOWN PAYMENT ONLY CLOSING COST!!!!!! QCD only CASH ONLY--BUYER TO USE SELLERS CLOSING AGENT - Buyer to assume all back taxes and water
Exterior Features

Architecture Level 2 Story Architecture Style ColonialDuplexSplit Level Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 30.00X118.00 Multifamily Parking On StreetPaved Parking Total 4 Pool YN No Porch Type Porch - Covered Road Frontage Feet 40 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Common Basement YN Yes Baths Total 2.00 Heating Baseboard Heating Fuel Natural Gas Living Area Source Public Records Room Count 0 Sq Ft Combined 2400 Sq Ft Total Basement 1000 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 2 Unit Two Bed Number Of 0

Property Features

Assessment 0 Deposit Amount 0.00 Down Payment Resource YN Yes Encroachment YN No Existing Lease YN No Gross Scheduled Income 32400.00 Income Projection Projected Inventory List YN No Land Contract YN Yes Land Interest Rate 11 Land Payment 500 Land Terms 24 Legal Rental Certified YN No Listing Financing CashLand ContractQuit Claims Deed Monthly Rental Income 3200 Net Operating Income 32400.00 Number Of Units Leased 0 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN Yes Pets Allowed Yes Postal City Detroit Protection Period 180 Restrictions YN No Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 979.0000 Tax Amount Winter 100.0000 Title Private - Owned Total Tax 1079.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 15926 LINWOOD ST Water Source Municipal Water Zone Conform YN Yes Zoning Multi-Family

IDX provided courtesy of Realcomp II Ltd., via Hale Realty and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Alex Nugent Team | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-12-05T19:56:03.68.
 
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