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217 RICHTER ST River Rouge, MI 48218
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 2,390 sqft
Price per Sqft $62
Subdivision Hoods Sub
MLS Listing ID 20230062205
Style Colonial
Full Baths 3
Year Built 1937
Property Sub-Type MultiFamily
Property Description
Looking for your newest investment! Look no further. This property is perfect for investors looking for a cash flowing property as well as owner occupants looking to house hack. This 3 unit multifamily home has 2 units currently occupied by long term tenants and a 3rd unit vacant that can easily be filled or used as a primary residence. Currently cash flowing $1,600 a month with the potential of $3,117 when occupied by section 8 tenants. There are two units with one bedroom and one bathroom which could be occupied at $952 for section 8 tenants and a final two bedroom unit which could be occupied at $1213 for section 8 tenants. All units are nicely updated including newer floors and updates and very well taken care of by current tenants. Property has been low maintenance for the seller for several years and is ready to be taken over!
Location
State MI
County Wayne
Area Area05144Riverrouge
Interior
Heating ForcedAir, NaturalGas
Exterior
Parking Features Garage
Pool None
View Y/N No
Building
Foundation Basement, Block
Sewer PublicSewer, SewerAtStreet
Water Public, WateratStreet
Schools
School District Riverrouge
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition ShortSaleNo, Standard
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Bought with EXP Realty LLC
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