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15926 Linwood Street

Detroit, MI 48238
  • $16,800
  • STATUS: Active
  • ON SITE: 110 Days
  • ID#: 2220016076
UPDATED: 239 min ago
$16,800
  • 0
    BEDS
  • 0.08
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $7
    $/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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IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty 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: 2022-07-02T00:03:34.817.
www.prettyhomerealty.com/homes/126651866
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15926 Linwood Street Detroit, MI 48238

  • Price: $16,800
  • Status: Active
  • On Site: 110 Days
  • Updated: 239 min ago
  • ID#: 2220016076
0
Beds
2
Baths
0
½ Baths
0.08
Acres
2,400
SQFT
$7
$/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 Pool YN No Porch Type Porch Road Frontage Feet 40 Road Frontage Type Paved Roof Material Other Waterfront YN No

Interior Features

Basement Type Common Basement YN Yes Baths Total 2.00 Heating Baseboard Heating Fuel Natural Gas Living Area Source Prior Listing 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 Water Heater Fuel Natural Gas

Property Features

Assessment 340 Deposit Amount 4000.00 Down Payment Resource YN Yes Encroachment YN No Existing Lease YN No Gross Scheduled Income 0.00 Income Projection Projected Land Contract YN Yes Land Interest Rate 11 Land Payment 500 Land Terms 61 Listing Financing CashContractQuit Claims Deed Monthly Rental Income 0 Number Of Units Leased 0 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN Yes Pets Allowed Yes Postal City Detroit Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 1000.0000 Tax Amount Winter 101.0000 Title Standard (Private) Total Tax 1101.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 15926 Linwood Street Water Source Public (Municipal) Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Trinity Property Asset Management: (734) 224-4747 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty 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: 2022-07-02T00:03:34.817.
 
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