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1045 Junction Street

Detroit, MI 48209
  • $400,000
  • STATUS: Active
  • ON SITE: 140 Days
  • ID#: 2220008658
UPDATED: 76 min ago
$400,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,872
    SQFT
  • $103
    $/SQFT
Type:
Multi-Family
Built:
1885
County:
Zoning:
Multi-Family
Lot Size Dimensions:
60 X 130 X 60 X 130

School Ratings & Info

School District:

Description

Welcoming your NEXT INVESTMENT property in Southwest Detroit! This QUADRUPLEX has what every investors wants...CASHFLOW, property management company in place & a location w/plenty of room to APPRECIATE in value. 4 Units, 2 - 3 Bed/1 Bath units & 2 - 2 Bed/1 Bath Units are all FULLY OCCUPIED & generating INCOME. This area is seeing MULTIPLE levels of GROWTH. Only 5 mins from Ford's MASSIVE 740-Million Dollar renovation at Michigan's Central Station in CORKTOWN. Located on Junction Ave, soon the road leading to the 5.7-Billion Dollar Gordie Howe Intl Bridge development! Walking distance to Clark Park, Armandos, Mexicantown Bakery, Mutiny Bar, Flowers of Vietnam, El Club & more! This area attracts WSU Students, Casino Workers, Henry Ford, DMC or VA Hospital workers. Newer Roof, Mechanicals and Electrical. No showings w/out accepted offer. Make your investment for the future today!

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IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-06-29T23:56:36.4.
www.dannovakproperties.com/homes/125550760
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1045 Junction Street Detroit, MI 48209

  • Price: $400,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 76 min ago
  • ID#: 2220008658
0
Beds
4
Baths
0
½ Baths
0.15
Acres
3,872
SQFT
$103
$/SQFT
1885
Built
Neighborhood:
PLAT OF REEDER JEROME & DUFFIELD SUB (PLATS)
County:
Wayne
Area:
Det South Of Grand River
School District:
DETROIT
Property Description
Welcoming your NEXT INVESTMENT property in Southwest Detroit! This QUADRUPLEX has what every investors wants...CASHFLOW, property management company in place & a location w/plenty of room to APPRECIATE in value. 4 Units, 2 - 3 Bed/1 Bath units & 2 - 2 Bed/1 Bath Units are all FULLY OCCUPIED & generating INCOME. This area is seeing MULTIPLE levels of GROWTH. Only 5 mins from Ford's MASSIVE 740-Million Dollar renovation at Michigan's Central Station in CORKTOWN. Located on Junction Ave, soon the road leading to the 5.7-Billion Dollar Gordie Howe Intl Bridge development! Walking distance to Clark Park, Armandos, Mexicantown Bakery, Mutiny Bar, Flowers of Vietnam, El Club & more! This area attracts WSU Students, Casino Workers, Henry Ford, DMC or VA Hospital workers. Newer Roof, Mechanicals and Electrical. No showings w/out accepted offer. Make your investment for the future today!
Exterior Features

Architecture Level 2 Story Architecture Style Quadruplex Construction Materials Brick Exterior Features Awning/Overhang(S)Private EntryFenced Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions 60 X 130 X 60 X 130 Multifamily Parking On Street Pool YN No Porch Type BalconyPorch Road Frontage Feet 60 Road Frontage Type PavedPub. Sidewalk Roof Material Rubber Waterfront YN No

Interior Features

Basement Type Common Basement YN Yes Baths Total 4.00 Cooling Window Unit(S) Heating Forced Air Heating Fuel Natural Gas Interior Features High Spd Internet Avail Living Area Source Prior Listing Sq Ft Combined 3872 Sq Ft Total Basement 1936 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 2 Unit Two Bed Number Of 2 Water Heater Fuel Natural Gas

Property Features

Assessment 0 Down Payment Resource YN Yes Encroachment YN No Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 41400.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing CashConventional Monthly Rental Income 3450 Net Operating Income 29640.00 Number Of Units Leased 4 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 180 Rent Includes Water/SewerTrash Collection (Garbage Pickup)WaterYard Maintenance Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 1268.0000 Tax Amount Winter 1.0000 Title Standard (Private) Total Tax 1269.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 1045 Junction Street Water Source Water At Street Year Remodeled 2019 Zone Conform YN Yes Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Signature Sotheby's International Realty Gpf: (313) 888-8800 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-06-29T23:56:36.4.
 
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