5203 CECIL Street Detroit, MI ^$ 375,000

5203 CECIL Street

^$ 375,000

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5203 CECIL Street

Detroit, MI, 48210

^$ 375,000

Studio Baths3.1 Sq 3,688

Monthly Estimate*

^$ 2,492

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Studio

Multi-Family Home for sale in Detroit, MI

for $375,000 with 3 full baths, 1 half bath. This 3,688 square foot home was built in 1931 on a lot size of 0.12.

Fantastic chance to acquire a 3-unit complex in Detroit with an added bonus of a storefront that's primed for your personalization. Currently gutted, the storefront offers an opportunity to transform it into a studio unit, potentially expanding the complex to a 4-unit property. Comprising two 1-bedroom units and one 2-bedroom unit, this complex promises great income potential in a highly desirable location. Featuring hardwood floors throughout, updated kitchens, and bathrooms, it offers modern amenities. Roof renovations are underway, ensuring structural integrity. This is an As-Is sale, with all buyers required to provide proof of available funds. Serious inquiries welcomed.

Multi-Family Active

Price

^$ 375,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 1,452

Style

Lot Size

0.12

Year Built

1931

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60289511

Features

General

Heating Forced Air Hot Water

Cooling Window Unit(s)

Possession At Close

Exterior Features Fenced Yard

Water Community

Status Active Active

Full Baths 3

Half Baths 1

Bathrooms 4

Year Built 1931

Subdivision BURTONS MICH AVE (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions I-94 West To Cecil Ave Complex Sits On The South West Corner Of Cecil And I-94

City Detroit

School District Detroit City School District

Street Name CECIL

Financial Terms Cash Conventional FHA FHA 203K

Legal Description W CECIL 90 BURTONS MICH AVE SUB L29 P2 PLATS W C R 18/347 35.3 X 143.2A

DOM 103

Postal Code 48210

Price Per Sq Ft Total 101.68

Coming Soon Fantastic chance to acquire a 3-unit complex in Detroit with an added bonus of a storefront that's primed for your personalization. Currently gutted

Exterior

Exterior Brick

Frontage 35

Lot Size Area 0.12

Lot Dimensions 35.30X143.20

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 3

Fuel Type Natural Gas

* Excluded Features

List By

Steven Kouzikas

Listing Agent

Home Realty Partners

Broker

steven@homerealtypartners.com

Affordability Calculator

$2,613

Per Month

Monthly Principal & Interest: $2,492
Monthly Property Taxes: $121
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$223,578

Percent of Sale Price 40%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/2/2024	$375,000	-10.71%	Price Down
2/22/2024	$420,000		Listed Price

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5203 CECIL Street, Detroit, MI, 48210 is a Multi-Family Home for sale at $375,000 with 3,688 sqft and a lot size of 0.12. 5203 CECIL Street is a studio with 3.1 baths and was built in 1931. The property's zip code is 48210 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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5203 CECIL Street

Multi-Family Home for sale in Detroit, MI

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