River Rouge, MI 48218,1174 COOLIDGE
$148,000
$147,500
0.3%
Est.Price: ?

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2 BD
2 BA
1,666 SqFt

1174 COOLIDGE River Rouge, MI 48218

Est. payment /mo
SOLD DATE : 05/15/2024

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Key Details

Sold Price $148,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 1,666 sqft

Price per Sqft $88

Subdivision Burke And Riopelles Sub

MLS Listing ID 20240006529

Sold Date 05/15/24

Style Other

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1920

Annual Tax Amount $2,491

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 40.00 x 100.00

Property Description

LOCATED INSIDE THE SUBURBAN CITY OF RIVER ROUGE, YOU WILL FIND 1174 COOLIDGE NESTLED ON A 4,008 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS ALL NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. ALL ELECTRICAL, PLUMBING, HVAC AND BUILDING PERMITS WERE JUST APPROVED THIS YEAR. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1217 AND $1276 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $200 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area River Rouge

Zoning Multi-Family

Direction Coolidge

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Waterfront no

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Architectural Style Other

Level or Stories 2 Story

Structure Type Other

Schools

School District River Rouge

Others

Pets Allowed Yes

Tax ID 50005020079000

Ownership Short Sale - No,Private Owned

Assessment Amount $635

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Marta Kopania of 1st Michigan Real Estate
Bought with Epique Realty

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Dylan Tanaka

Broker Associate | License ID: 6506046373

+1(248) 609-3030

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