5025 Somerset Avenue Detroit, MI 48224 MLS# 20230101357 Sold
MLS# 20230101357
Sold
  

$40,000
View On Website
 Property Type Multifamily
 Parcel # W21I067519S
 County Wayne
 Sold Price $29,000
 Sold Date 04/12/2024
 Close Date 04/12/2024 12:00 AM
MLS Public Remarks  INVESTOR SPECIAL in MORNINGSIDE! Previously set up as a duplex, but could also be converted back to a large single family home. Offering 1,772 sq ft and an unfinished basement (approx 1000 sq ft), there's plenty of room to bring your ideas to life! Make it your own or have an income producing property as a SFH or DUPLEX. This home is sold as-is. Currently set up as duplex featuring 2 bedrooms/1 bath on main floor and 1 bed/1bath on the second floor. Main floor is approx 1,000 sq ft, second floor is approx 770 sq ft. Partially fenced back yard. The vacant land next door is currently owned by Detroit Land Bank. Projected monthly rental income is based of off similarly sized single family homes recently leased within 0.5 miles. There is no garage. The purchaser will be required to sign an agreement with the land bank in regards to fixing the property up in a timely manner. CASH ONLY. BATVAI.
http://www.www.realestateone.com.com/20230101357
AGENT/COMPANY DETAILS  
Customer Care
Phone: 248-304-6700
[email protected]
www.www.realestateone.com.com/20230101357
Customer Care
LOCATION  
  • Township  Detroit
  • Directions  Warren Rd and Somerset (between Alter & Outer Drive)
  • HOUSE DESCRIPTION  
  • Fin Below Grd SqFt  0
  • Total Fin SqFt  1,772
  • Price/SqFt  $23
  • Unfinished SqFt  0
  • Above Grade Finished SqFt  1,772
  • CDOM  171
  • Sub Property Type  Multifamily
  • Year Built  1929
  • Days on Market  31
  • ASSESSMENT/SCHOOLS   
  • Land Assessment  -
  • Improvements  $45000
  • Net Taxes  $1722
  • Acreage  0.11
  • Taxes  -
  • Tax Year  -
  • Summer Taxes  $1567
  • School District  Detroit
  • Winter Taxes  $155
  • LOT DESCRIPTION  
  • Subdivision  East Detroit Development Cos No 3 (plats)
  • Lower Level Square Footage  0
  • Waterview  N
  • Number of Units  2
  • Waterfront  N
  • For Lease/Rent  N
  • Est. Total Acres  0.11
  • Lot Dimensions  40.00 x 120.00
  • WaterFrontage   0
  • INTERIOR FEATURES  
  • Heating  Hot Water, Natural Gas
  • Water  Public (Municipal)
  • Basement  Y
  • Heating  Hot Water, Natural Gas
  • EXTERIOR FEATURES  
  • Garage  0.0
  • Architecture  2 Story
  • Basement details  Interior Entry (Interior Access), Unfinished
  • Sewer  Public Sewer (Sewer-Sanitary)
  • Exterior Features  Fenced
  • Home Style  Duplex
  • Possession  At Close
  • Exterior Materials  Aluminum, Brick
  • DETAILS  
  • Status Change Date  04/12/2024
  • Listing Date  12/03/2023
  • Internet/IDX  Y
  • Pending Date  02/28/2024
  • Named Exceptions  Y
  • LISTING OFFICE DETAILS  
  • Listing Office   Exclusive House Of Real Estate
  • Office Address   4500 E Court Street
  • Listing Number   20230101357



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