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$295,000 for Sale

414 horton street, detroit, MI 48202

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Beds 4 Baths 3 2,581 Sqft 0.07 Acres 1 of 58
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Property Description
Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!
General Information
Sale Price: $295,000
Price/SqFt: $114
Est. Payments: $1,937
Calculate Payments Mortgage Rates
Status: Active
MLS#: 60335021
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: baggs sub pt of ol 1
Acres: 0.07
Lot Dim: 30.00 x 100.00
Bedrooms:4
Bathrooms:3   (3 full, 0 half)
House Size: 2,581 sq.ft.
Acreage: 0.07 est.
Year Built: 1906
Property Type: Single Family
Style: Colonial
Features & Room Sizes
Bedroom 1:  14x12
Bedroom 2 :  18x24
Bedroom 3:  14x10
Bedroom 4:  15x12
Family Room: 
Greatroom: 
Dining Room: 
Kitchen: 
Livingroom: 
Pole Buildings: 
Paved Road:  Paved Street
Garage:  No Garage
Exterior:  Brick
Basement:  Yes
Basement Description:  Unfinished
Foundation :  Basement
Heating:  Forced Air
Fuel:  Natural Gas
Waste:  Public Sanitary
Watersource:  Public Water
Tax, Fees & Legal
Est. Summer Taxes:  $1,501
Est. Winter Taxes:  $154
HOA fees: 


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for 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. Listing By: Gustaf Andreasen of @properties Christie's Int'l R.E. Detroit

This listing last updated: Wed, August 28, 2024 at 6:39:25 PM EDT

MIRealSource Listing Data Last Updated On Monday, September 16 2024 at 9:15pm
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Listings presented by:
Gustaf Andreasen
@properties Christie's Int'l R.E. Detroit
Call: (313) 690-3368

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