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5061 Hillsboro Street

Detroit, MI 48204
  • $175,000
  • STATUS: Pending
  • ON SITE: 64 Days
  • ID#: 20230105553
Pending
UPDATED: 45 min ago
$175,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,558
    SQFT
  • $68
    $/SQFT
Type:
Commercial
Built:
1924
County:
Zoning:
Multi-Family
Lot Size Dimensions:
35.00 x 120.00

School Ratings & Info

School District:

Description

LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 5061 HILLSBORO NESTLED ON A 3,920 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS ALL NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE JUST SHY OF $3000. ALSO, THE WHOPPING RENTS OF $1542 AND $1410 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 $150 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2024 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: 2024-02-29T07:00:49.983.
www.prettyhomerealty.com/homes/146231135
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5061 Hillsboro Street Detroit, MI 48204

  • Price: $175,000
  • Status: Pending
  • On Site: 64 Days
  • Updated: 45 min ago
  • ID#: 20230105553
0
Beds
0
Baths
0
½ Baths
0.09
Acres
2,558
SQFT
$68
$/SQFT
1924
Built
Neighborhood:
MORE THAN ONE SUBDIVISION INVOLVED
County:
Wayne
Area:
Det South Of Grand River
School District:
DETROIT
Property Description
LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 5061 HILLSBORO NESTLED ON A 3,920 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS ALL NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE JUST SHY OF $3000. ALSO, THE WHOPPING RENTS OF $1542 AND $1410 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 $150 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Exterior Features

Architecture Level 2 Story Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 35.00 x 120.00 Road Frontage Feet 1 Road Frontage Type Paved Waterfront YN No

Interior Features

Building Area Source Public Records Heating Cooling Forced Air Heating Fuel Natural Gas Sq Ft Main 2558 Sq Ft Office 0 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

Property Features

Assessment 340.00 Commercial Type ApartmentsBusiness And Real Estate Existing Lease YN Yes Gross Scheduled Income 35424.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Monthly Sales 2952 Net Operating Income 35424.00 Operating Expense 0.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 100 Possession At Close Postal City Detroit Protection Period 1 Settlement City Sewer Sewer at Street Short Sale No Tax Amount Summer 1835.0000 Tax Amount Winter 174.0000 Title Standard (Private) Total Tax 2009.0000 Unparsed Address 5061 HILLSBORO Street Water Source Water at Street Year Remodeled 2023 Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via 1st Michigan Real Estate: (248) 835-3237 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2024 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: 2024-02-29T07:00:49.983.
 
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