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1987 RICHTON ST Detroit, MI 48206
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 1,818 sqft
Price per Sqft $8
Subdivision Monterea (Plats)
MLS Listing ID 20240039717
Sold Date 02/07/25
Style Duplex
Full Baths 2
Year Built 1924
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type MultiFamily
Property Description
**OPPORTUNITY** Investors, here is your next rehab project! Turn this 2 unit property into a cash flow machine; each unit features a spacious living room, dining room, kitchen, bathroom, and 2 bedrooms! The property did have a relatively small fire in one of the upper bedrooms but the damage was contained. The property does have hardwood flooring that may be salvageable, forced air heating, and some vinyl windows in the first floor unit that could probably be saved! Sec 8 rents for a property like this should be $1,100-1,200/month per unit, with cash paying tenants paying slightly less. Located in the 48306 zip code where there are too many redevelopment and development projects to list! Quick access to M-10 so 10 minutes or less to downtown! NO SELLER FINANCING, CASH OR HARD MONEY ONLY
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features OnStreet
Pool None
View Y/N No
Roof Type Asphalt
Building
Foundation Basement, Block
Sewer Public Sewer, Sewer At Street
Water Public, WateratStreet
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
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