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456 Alger Street

Detroit, MI 48202
  • $535,000
  • STATUS: Active
  • ON SITE: 88 Days
  • ID#: 2220023228
UPDATED: 34 min ago
$535,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 6,634
    SQFT
  • $81
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1914
County:
Zoning:
Multi-Family
Lot Size Dimensions:
50.00X125.00

School Ratings & Info

School District:

Description

All brick 6 unit apartment building strategically located in the heart of North End, one of Detroit's fastest appreciating sub-markets. Located in the heart of Develop Detroit's 70 property for sale development w/ home sales as high as $260,000 & $191/SF, 456 Alger offers investors a rare opportunity to capitalize on the neighborhoods exciting momentum. The property features a desirable unit mix of 3 BR (3 units) & 2 BR (three units) apartments & is currently vacant w/ redevelopment already underway. With a potential annual gross income of $100,800, the property features a new roof, all demolition completed, all new electrical service separated for each unit, new gas meters separated for each unit, new forced air furnaces, substantial tuck-pointing & brick work completed, & many original details have been salvaged. Multiple exit strategies. Cash out Re-fi, sell for profit, or let property produce strong passive cash flow. Marketing package & projected I/E available upon request.

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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: 2022-07-02T14:59:26.14.
www.prettyhomerealty.com/homes/127371939
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456 Alger Street Detroit, MI 48202

  • Price: $535,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 34 min ago
  • ID#: 2220023228
0
Beds
6
Baths
0
½ Baths
0.14
Acres
6,634
SQFT
$81
$/SQFT
1914
Built
Neighborhood:
Petrys
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
All brick 6 unit apartment building strategically located in the heart of North End, one of Detroit's fastest appreciating sub-markets. Located in the heart of Develop Detroit's 70 property for sale development w/ home sales as high as $260,000 & $191/SF, 456 Alger offers investors a rare opportunity to capitalize on the neighborhoods exciting momentum. The property features a desirable unit mix of 3 BR (3 units) & 2 BR (three units) apartments & is currently vacant w/ redevelopment already underway. With a potential annual gross income of $100,800, the property features a new roof, all demolition completed, all new electrical service separated for each unit, new gas meters separated for each unit, new forced air furnaces, substantial tuck-pointing & brick work completed, & many original details have been salvaged. Multiple exit strategies. Cash out Re-fi, sell for profit, or let property produce strong passive cash flow. Marketing package & projected I/E available upon request.
Exterior Features

Architecture Level 3 Story Architecture Style Colonial Construction Materials Brick Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions 50.00X125.00 Pool YN No Porch Type Porch - CoveredPorch Road Frontage Feet 50 Road Frontage Type PavedPub. Sidewalk Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 6.00 Heating Forced Air Heating Fuel Natural Gas Living Area Source Assessor Sq Ft Combined 6634 Sq Ft Total Basement 3000 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 3 Unit Two Bed Number Of 3 Water Heater Fuel Natural Gas

Property Features

Assessment 0 Down Payment Resource YN No Encroachment YN No Existing Lease YN No Gross Scheduled Income 100800.00 Income Projection Projected Inventory List YN No Land Contract YN No Legal Rental Certified YN No Listing Financing Cash Monthly Rental Income 8400 Net Operating Income 84463.00 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 Restrictions YN No Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 2002.0000 Tax Amount Winter 259.0000 Title Standard (Private) Total Tax 2261.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 456 Alger Street Water Source Public (Municipal) Year Remodeled 2022 Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Jim Saros Real Estate Services: (313) 886-9030 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: 2022-07-02T14:59:26.14.
 
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