MI > Wayne > Detroit > 2638 Richton Street
  • 8 Bedrooms
  • 4 Full Bath
  • 4,800 SqFt
  • MLS# 20240062808
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REDUCED. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2638-2640 RICHTON NESTLED ON A 6,534 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW HARDWOOD OR CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,301 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PER. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 200 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Property Information

Status
Active 
Address
2638 Richton Street 
City
Detroit 
Zip
48206 
County
Wayne 
Township
Detroit 
Possession
At Close 
Property Type
Residential
Listing Date
08/23/2024 
Subdivision
Linwood Heights Sub (plats) 
Total Finished SqFt
4,800 
Above Grade SqFt
4,800 
Water
Water at Street
Sewer
Sewer at Street
Year Built
1925 
Architecture
2 Story 
Home Style
Other 

School Information

School District
Detroit 

Taxes

Summer Taxes
$1,431 
Winter Taxes
$141 

Rooms and Land

Bath2
7.00X8.00 1st Floor
Bath3
7.00X8.00 1st Floor
Bath - Full-2
7.00X8.00 2nd Floor
Bath - Full-3
9.00X8.00 2nd Floor
Bedroom2
10.00X9.00 1st Floor
Bedroom3
10.00X10.00 1st Floor
Bedroom4
10.00X9.00 1st Floor
Bedroom5
10.00X10.00 1st Floor
Bedroom6
10.00X9.00 2nd Floor
Bedroom7
10.00X10.00 2nd Floor
Bedroom-6
10.00X9.00 2nd Floor
Bedroom-7
10.00X10.00 2nd Floor
Basement
Unfinished 
Heating
Natural Gas, Wall/Floor Furnace 
Acreage
0.15 
Lot Dimensions
53.00 x 121.00 

Features

Exterior Materials
Brick 

Mortgage Calculator

years
annual
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
20240062807 Sep 5 2024 3:36PM $365,000 $375,000 42
20240062807 Aug 29 2024 12:36PM $375,000 $400,000 42
20240062981 Active Aug 23 2024 2:05PM $400,000 42
20240062807 Active Aug 23 2024 2:16AM $400,000 42
20230003213 Sold Pending Aug 3 2023 3:06PM $70,000 126
20230003213 Pending Active May 19 2023 10:05AM $94,000 $120,000 126
20230003213 Active Jan 13 2023 2:36PM $120,000 126
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, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of 1st Michigan Real Estate

Office Address 125 Arcola

2638 Richton Street Detroit
Contact us
$365,000
For Sale • Bed: 8 • Bath: 4/0