MI > Wayne > Detroit > 8762 Epworth Street
  • 4 Units
  • 3,500 SqFt
  • MLS# 20230105313
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248-304-6700

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HIGHEST AND BEST DUE BY MONDAY AT 5PM. 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!

Property Information

Status
Active 
Address
8762 Epworth Street 
City
Detroit 
Zip
48204 
Year Built
1924 
Style
Quadruplex 
Possession
At Close 
Architecture
2 Story 
Listing Date
12/22/2023 
Subdivision
Dailey Park Sub (plats) 
County
Wayne 
Above Grade SqFt
3,500 
Total No of Units

School Information

School District
Detroit 

Rooms and Land

Lot Dimensions
35.00 x 143.00 
Total Acres
0.12 

Features

Style
Quadruplex 
Basement
Unfinished 
Heating
Forced Air, Natural Gas 

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annual

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20230105313 Mar 19 2024 7:05PM $410,000 $420,000 108
20230105313 Active Pending Mar 9 2024 7:05PM $420,000 $425,000 108
20230105313 Pending Active Feb 20 2024 12:06PM 108
20230105313 Jan 16 2024 11:36AM $425,000 $450,000 108
20230105313 Active Dec 22 2023 3:08PM $450,000 108
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of 1st Michigan Real Estate

Office Address 125 Arcola

8762 Epworth Street Detroit
Contact us
$410,000
For Sale • No. of Units: 4