$399,990
5900 SEMINOLE Street Detroit, MI 48213
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$399,990
Est. payment /mo
4 Baths
3,484 Sqft Lot
UPDATED:
10/11/2024 03:44 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240070471
Originating Board Realcomp
Year Built 1923
Annual Tax Amount $3,442
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 110.00
Property Description
MULTIPLE OFFER SITUATION! HIGHEST AND BEST DUE BY MONDAY AT 5PM. REDUCED! LOCATED 6 MINUTES FROM THE HISTORIC INDIAN VILLAGE AND WEST VILLAGE, YOU WILL FIND 5900 SEMINOLE NESTLED ON A 3,484 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,002 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 % THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Seminole & Medbury
Interior
Heating Hot Water
Exterior
Waterfront No
View Y/N No
Building
Structure Type Brick
Others
Tax ID W17I007809S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by 1st Michigan Real Estate