River Rouge, MI 48218,217 RICHTER Street
$150,000
$175,000
14.3%
Est.Price: ?

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3 BD
3 BA
2,390 SqFt

217 RICHTER Street River Rouge, MI 48218

Est. payment /mo
SOLD DATE : 10/17/2023

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Key Details

Sold Price $150,000

Property Type Multi-Family

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,390 sqft

Price per Sqft $62

Subdivision Hoods Sub

MLS Listing ID 20230062205

Sold Date 10/17/23

Style Colonial

Bedrooms 3

Full Baths 3

Originating Board Realcomp II Ltd

Year Built 1937

Annual Tax Amount $2,292

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 55.00 x 100.00

Property Description

Looking for your newest investment! Look no further. This property is perfect for investors looking for a cash flowing property as well as owner occupants looking to house hack. This 3 unit multifamily home has 2 units currently occupied by long term tenants and a 3rd unit vacant that can easily be filled or used as a primary residence. Currently cash flowing $1,600 a month with the potential of $3,117 when occupied by section 8 tenants. There are two units with one bedroom and one bathroom which could be occupied at $952 for section 8 tenants and a final two bedroom unit which could be occupied at $1213 for section 8 tenants. All units are nicely updated including newer floors and updates and very well taken care of by current tenants. Property has been low maintenance for the seller for several years and is ready to be taken over!

Location

State MI

County Wayne

Area River Rouge

Zoning Multi-Family

Direction W of Marion N of Coolidge

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Waterfront no

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Aluminum,Asbestos

Schools

School District River Rouge

Others

Pets Allowed Yes

Tax ID 50005060161000

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

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Realcomp MLS
Listed by Sotero M Lopez II of EXP Realty LLC
Bought with EXP Realty LLC

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Dylan Tanaka

Broker Associate | License ID: 6506046373

+1(248) 609-3030

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