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5731 Somerset Avenue

Detroit, MI 48224
  • $92,000
  • STATUS: Active
  • ON SITE: 148 Days
  • ID#: 2220006964
UPDATED: 43 min ago
$92,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,516
    SQFT
  • $37
    $/SQFT
Type:
Multi-Family
Built:
1929
County:
Zoning:
Multi-Family
Lot Size Dimensions:
50.00X120.00

School Ratings & Info

School District:

Description

Back on the market! Buyer's financing fell through. This duplex is priced below current market value taking into consideration the estimated cost for amount of work needed to make it rental ready. Each unit has a main and secondary entrance. Duplex was rented at $750/unit, however the market will an increased rent. The units have separate electric and gas. Please note the utilities are currently off.

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: 2022-07-02T20:58:36.71.
www.dannovakproperties.com/homes/125369648
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5731 Somerset Avenue Detroit, MI 48224

  • Price: $92,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 43 min ago
  • ID#: 2220006964
0
Beds
2
Baths
0
½ Baths
0.14
Acres
2,516
SQFT
$37
$/SQFT
1929
Built
Neighborhood:
Rabauts L C Somerset Drive No 1
County:
Wayne
Area:
Det Con-mors/Grat. Hstn/7 Mack
School District:
DETROIT
Property Description
Back on the market! Buyer's financing fell through. This duplex is priced below current market value taking into consideration the estimated cost for amount of work needed to make it rental ready. Each unit has a main and secondary entrance. Duplex was rented at $750/unit, however the market will an increased rent. The units have separate electric and gas. Please note the utilities are currently off.
Exterior Features

Architecture Level 2 Story Architecture Style Common Entry BuildingUpper/Lower Apartment Construction Materials AluminumBrick Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions 50.00X120.00 Multifamily Parking On StreetPavedUnassigned/General Pool YN No Porch Type Porch Road Frontage Feet 50 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 2.00 Heating Steam Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 2516 Sq Ft Total Basement 1000 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 2

Property Features

Assessment 340 Deposit Amount 18400.00 Down Payment Resource YN Yes Encroachment YN No Exclusions YN No Existing Lease YN No Gross Scheduled Income 19200.00 Homestead YN No Income Projection Projected Land Contract YN Yes Land Interest Rate 10 Land Payment 1564 Land Terms 60 Legal Rental Certified YN No Listing Financing CashContract Monthly Rental Income 1600 Net Operating Income 19200.00 Number Of Units Leased 0 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 90 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 1426.0000 Tax Amount Winter 130.0000 Title Standard (Private) Total Tax 1556.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 5731 Somerset Avenue Water Source Public (Municipal) Zone Conform YN Yes Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Lenox Realty & Management: (586) 480-4610 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: 2022-07-02T20:58:36.71.
 
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