• 15737 Cherrylawn Detroit, Michigan 48238

  • $124,950
  • 4
    Bed(s)
  • 2
    Baths
  • 1,860
    Sq Ft
  • 0.1
    Acre

Recently renovated 2 family flat with updated kitchens, bathrooms, electrical, plumbing and carpet! This is a great investment property. Both units are occupied with 12 month leases. Current Cap Rate: 14%. Net Operating Income: $17,298.00.

Property Type :

Residential

Subdivision :

University Manor

County :

Wayne

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 4

Bathroom Information

Total Baths: 2

Full Baths: 2

Room Information

Total Rooms: 6

Heating & Cooling

Heating: Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 1928

Building Stories: 2 Story

Foundation/Basement: Basement

Architecture: Colonial

Exterior Features

Construction: Brick,Vinyl

Utility Features

Sewer: Shared Septic (Common)

Water

Public (Municipal)

Lot Information

Lot Size: 0.10

Lot Dimensions: 36.00X120.00

Property Information

SQ ft: 1860

Subdivision: University Manor

Financing: Cash,Conventional,FHA,Lease,Section 8

Listing Price Information

Original List Price: $124,950

Listing Information

Possession: At Close

Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2024. W CHERRYLAWN 57 UNIVERSITY MANOR SUB L45 P37 PLATS, W C R 16/323 36 X 120.13A

Tax Information

Annual Tax: $1,942

Parcel Number: 16033347

Possession

At Close

Legal Information

Legal Description: Section: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2024. W CHERRYLAWN 57 UNIVERSITY MANOR SUB L45 P37 PLATS, W C R 16/323 36 X 120.13A

School Information

School District: Detroit

Utility Information

Water:Public (Municipal)

Sewer:Shared Septic (Common)

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3007 Doris Street , Detroit, MI,48238 $115,000 3 2 1,394 0.13 Acre
14852 Wyoming Street , Detroit, MI,48238 $65,000 -- -- -- 0.05 Acre
15866 Woodingham Drive , Detroit, MI,48238 $80,000 3 1.5 1,562 0.09 Acre
12740 Wyoming Street , Detroit, MI,48238 $4,800 -- -- -- 0.08 Acre
2476 Ford Street , Detroit, MI,48238 $125,000 3 1 1,344 0.08 Acre
15501 Pinehurst Street , Detroit, MI,48238 $145,000 5 1.5 1,606 0.09 Acre
15773 Kentucky Street , Detroit, MI,48238 $99,999 5 2 1,690 0.09 Acre
15038 Mendota Street , Detroit, MI,48238 $7,000 4 1 1,080 0.07 Acre
4031 Pasadena Street , Detroit, MI,48238 $58,000 3 1.5 1,677 0.09 Acre
3726 Tyler Street , Detroit, MI,48238 $10,000 4 2.5 2,600 0.09 Acre
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 04/27/2024 @ 06:55

MLS: 588194705
LISTED BY: Jonathan Minerick , HomeCoin.com
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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