• 226 Hendrie Street Detroit, Michigan 48202

  • $499,500
  • 7
    Bed(s)
  • 3.5
    Baths
  • 3,756
    Sq Ft
  • 0.16
    Acre

Incredible development/investment opportunity for a historic home in the Detroit Art Center area without the historic district constraints. 3,700+ Sq Ft of living space that includes 7 bedrooms and 3.5 baths with additional common area/flex rooms on each floor. Renovation is well underway and presents a tremendous opportunity for someone to capitalize on its completion. The space is clean and organized for an immediate jump-start to completing your project and can be lived in while doing so. Numerous development projects in the area, both in progress and completed, contribute to a trajectory of increasing values. The location’s proximity to the DIA, WSU, CCS freeways, mass transit, retail and dining make it superb for rentals. Best of all, this home qualifies for NEZ-R and has already been approved by the City of Detroit and is in the final stages of State issuance of a 15-year tax abatement. The NEZ-R(ehab) certificate will freeze the value of the home prior to the improvements being made for 15 years which translates to extremely low taxes with no homestead requirement. Full documentation to be provided upon offer acceptance. Alley access and rear supports a garage/accessory dwelling unit. Enjoy the photos but come experience the space. If you have a vision, it can be realized here.

Property Type :

Residential

County :

Wayne

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 7

Bathroom Information

Total Baths: 3.5

Full Baths: 3

Half Baths: 1

Room Information

Total Rooms: 19

Porches: Porch - Covered,Porch

Interior Features

Other,High Spd Internet Avail,Laundry Facility,Security Alarm (rented),Cable Available

Roof : Asphalt

Basement Description: Interior Entry (Interior Access),Unfinished

Appliances: Dishwasher,Dryer,Free-Standing Freezer,Free-Standing Gas Range,Free-Standing Refrigerator,Stainless Steel Appliance(s),Washer

Heating & Cooling

Heating: Forced Air

Heating Fuel: Natural Gas

Water Heater

Natural Gas

Building Information

Year Built: 1905

Building Stories: 3 Story

Roof: Asphalt

Foundation/Basement: Slab,Basement

Architecture: Neoclassical

Exterior Features

Construction: Brick

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Public (Municipal)

Water Heat: Natural Gas

Lot Information

Lot Size: 0.16

Lot Dimensions: 40.00 x 171.00

Frontage Feet: 40

Property Information

SQ ft: 3756

Subdivision: CORLISS & ANDRUS SUB OF S 1/2 OF PRK LOT 43(PLATS)

Financing: Cash,Conventional

Listing Price Information

Original List Price: $499,500

Listing Information

Possession: At Close

Legal Description: S HENDRIE W 25 FT 17 E 15 FT 16 CORLISS & ANDRUS L7 P53 PLATS, W C R 1/87 40 X 171.46

Tax Information

Annual Tax: $3,832

Parcel Number: W01I001589S

Possession

At Close

Legal Information

Legal Description: Section: S HENDRIE W 25 FT 17 E 15 FT 16 CORLISS & ANDRUS L7 P53 PLATS, W C R 1/87 40 X 171.46

Parking Information

Garage Size: No Garage

Multi-Unit Information

Road Frontage: Paved

School Information

School District: Detroit

Utility Information

Water:Public (Municipal)

Sewer:Public Sewer (Sewer-Sanitary)

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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 05/01/2024 @ 05:48

MLS: 549027962
LISTED BY: Desert Klein-Kassab , Max Broock, REALTORS®-Detroit
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.0%
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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