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Marta Kopania
1st Michigan Real Estate
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WELCOME TO 8762 EPSWORTH, DETROIT, MI – AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF THE CITY! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN EACH UNIT. IMAGINE THE POTENTIAL FOR PASSIVE INCOME WITH AN ESTIMATED $5,200 PER MONTH IN RENTS, TOTALING AN IMPRESSIVE $62,400 ANNUALLY. THIS PROPERTY IS A SAVVY INVESTOR'S DREAM, PROVIDING AN EXCELLENT RETURN ON INVESTMENT. THIS MULTIFAMILY GEM IS NOT JUST ABOUT NUMBERS; IT'S ABOUT LIFESTYLE TOO. THE STRATEGIC LOCATION PUTS YOU JUST 7 MINUTES AWAY FROM DOWNTOWN DETROIT, MAKING IT AN IDEAL CHOICE FOR THOSE WHO VALUE CONVENIENCE AND ACCESSIBILITY. SITUATED RIGHT OFF THE FREEWAY, COMMUTING BECOMES A BREEZE, OFFERING EASY ACCESS TO ALL THAT THE CITY HAS TO OFFER. ONE OF THE UNIQUE FEATURES OF THIS PROPERTY IS ITS SUITABILITY FOR HOUSE HACKING. LIVE IN ONE UNIT AND LET THE OTHER THREE UNITS CONTRIBUTE TO YOUR MORTGAGE OR PROVIDE A STEADY STREAM OF RENTAL INCOME. IT'S A SMART WAY TO MAKE YOUR HOUSING EXPENSES WORK FOR YOU. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS WITH ALL NECESSARY PERMITS PULLED. THE ENTIRE BUILDING HAS BEEN REFRAMED, ENSURING STRUCTURAL INTEGRITY AND LONGEVITY. UPGRADES INCLUDE NEW PLUMBING, HEATING, AND COOLING SYSTEMS, AS WELL AS ELECTRICAL IMPROVEMENTS. THE INTERIOR BOASTS TOP-OF-THE-LINE FINISHES, INCLUDING GRANITE COUNTERTOPS, PROVIDING A TOUCH OF LUXURY TO EACH UNIT. ENJOY THE BENEFITS OF MODERN LIVING WITH HIGH-EFFICIENCY FURNACES, ENSURING COMFORT WHILE KEEPING UTILITY COSTS IN CHECK. DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY TO INVEST IN A TURNKEY PROPERTY THAT COMBINES MODERN AMENITIES WITH A PRIME LOCATION. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, 8762 EPSWORTH IS A MUST-SEE. SCHEDULE YOUR VIEWING TODAY AND MAKE YOUR MARK ON THE DETROIT REAL ESTATE SCENE!
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Total Baths: 4
Full Baths: 4
Basement Description: Unfinished
Heating: Forced Air
Heating Fuel: Natural Gas
Year Built: 1924
Building Stories: 2 Story
Total Units: 4
Foundation/Basement: Basement
Architecture: Quadruplex
Construction: Brick
Sewer: Sewer at Street
Water at Street
Lot Size: 0.12
Lot Dimensions: 35.00 x 143.00
SQ ft: 3500
Subdivision: DAILEY PARK SUB (PLATS)
Financing: Cash,Conventional,FHA,VA
Original List Price: $450,000
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 10/30/2028. E EPWORTH 635 DAILEY PARK SUB L29 P80 PLATS, W C R 16/185 35 X 142.78A
Parcel Number: W16I014866S
At Close
Legal Description: Section: Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 10/30/2028. E EPWORTH 635 DAILEY PARK SUB L29 P80 PLATS, W C R 16/185 35 X 142.78A
Presently Zoned: 1
Road Frontage: Paved
# of Bedrooms: 4
School District: Detroit
Water:Water at Street
Sewer:Sewer at Street
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
8107 Elmhurst Street , Detroit, MI,48204 | $75,000 | -- | -- | -- | 0.41 Acre |
11825 W Grand River , Detroit, MI,48204 | $15,000 | -- | -- | -- | 0.04 Acre |
8700 Grand River Avenue , Detroit, MI,48204 | $119,900 | -- | -- | -- | 0.32 Acre |
6328 Tuxedo Street , Detroit, MI,48204 | $274,900 | 8 | 4 | 3,618 | 0.1 Acre |
4304 W Philadelphia Str.., Detroit, MI,48204 | $25,000 | -- | -- | -- | 0.08 Acre |
4318 W Philadelphia Str.., Detroit, MI,48204 | $25,000 | -- | -- | -- | 0.08 Acre |
4310 W Philadelphia Str.., Detroit, MI,48204 | $25,000 | -- | -- | -- | 0.08 Acre |
4094 Pingree Street , Detroit, MI,48204 | $103,000 | 4 | 2.5 | 2,438 | 0.08 Acre |
4443 Oregon Street , Detroit, MI,48204 | $139,900 | 4 | 2.5 | 1,629 | 0.1 Acre |
9245 Ohio Street , Detroit, MI,48204 | $56,900 | 2 | 1 | 849 | 0.08 Acre |
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 05/16/2024 @ 07:56
MLS: 599302482
LISTED BY: Marta Kopania , 1st Michigan Real Estate
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.