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4239 Alter Road

Detroit, MI 48215
  • $474,000
  • STATUS: Active
  • ON SITE: 461 Days
  • ID#: 2210017035
UPDATED: 38 min ago
$474,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 8,000
    SQFT
  • $59
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1929
County:
Zoning:
Multi-Family
Lot Size Dimensions:
40.00X105.80

School Ratings & Info

School District:

Description

Investment opportunity! Price reduced!! Solid all brick 12 unit near the Detroit - Grosse Pointe border. Multiple units updated. 7 of 12 units currently occupied. Professionally managed. Day 1 cash flow with lots of long term upside and growth potential. Superbly located with I-94, English Village, Morningside, Grosse Pointe amenities in close range.

Monthly Payment Calculator



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: 2022-06-30T18:58:26.973.
www.dannovakproperties.com/homes/115455224
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4239 Alter Road Detroit, MI 48215

  • Price: $474,000
  • Status: Active
  • On Site: 461 Days
  • Updated: 38 min ago
  • ID#: 2210017035
0
Beds
12
Baths
0
½ Baths
0.1
Acres
8,000
SQFT
$59
$/SQFT
1929
Built
Neighborhood:
EDWIN LODGE (PLATS)
County:
Wayne
Area:
Det Con-mors/Grat. Hstn/7 Mack
School District:
DETROIT
Property Description
Investment opportunity! Price reduced!! Solid all brick 12 unit near the Detroit - Grosse Pointe border. Multiple units updated. 7 of 12 units currently occupied. Professionally managed. Day 1 cash flow with lots of long term upside and growth potential. Superbly located with I-94, English Village, Morningside, Grosse Pointe amenities in close range.
Exterior Features

Architecture Level 2 Story Architecture Style Colonial Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 40.00X105.80 Pool YN No Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 12.00 Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 8000 Sq Ft Total Basement 1200 Unit Efficiency Number Of 12 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

Property Features

Assessment 0 Down Payment Resource YN No Encroachment YN No Existing Lease YN Yes Gross Scheduled Income 72000.00 Homestead YN No Income Projection Projected Land Contract YN No Listing Financing Cash Monthly Rental Income 6000 Net Operating Income 15000.00 Number Of Units Leased 4 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 90 Days Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 1886.0000 Tax Amount Winter 220.0000 Title Standard (Private) Total Tax 2106.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 4239 Alter Road Water Source Public (Municipal) Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Clyde Realty Llc: (313) 974-1830 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: 2022-06-30T18:58:26.973.
 
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