310 Hendrie Street
Detroit, MI, 48202 $ 550,000
Bedrooms3 Baths3.1 Sq 2,914 Monthly Estimate*
$ 3,655
for $550,000 with 3 bedrooms and 3 full baths, 1 half bath. This 2,914 square foot home was built in 1920 on a lot size of 0.13.
This multifamily property, in the Art Center neighborhood of Midtown, is a prime investment opportunity for the savvy house hacker or investor. The home features two spacious units, offering an incredible income potential, plus value add opportunity upgrading the massive attic to a third floor apartment. Those wanting to occupy one of the flats as their primary residence can cut their housing payment in half with the incoming rent. New lending guidelines require only 5% down! Each unit comes complete with a suite of modern appliances, including a refrigerator, range, dishwasher, microwave, washer, and dryer. The upper unit, currently occupied, boasts three bedrooms and two baths, plus central air, providing comfortable and attractive living space. The lower unit, currently vacant, has three bedrooms and one bath, plus a private basement, rec room with 1/2 bath. Shared yard and laundry room. Large two car garage currently rented to second floor tenants. Situated in a strategic location, this property is just moments away from Wayne State University, two major medical system complexes, three freeways, and a short walk to bustling Woodward Avenue, city bus and Q-Line light rail. With its outstanding rental history, central location, and strong potential for appreciation, this investment opportunity is not to be missed for those looking to capitalize on Detroit's dynamic real estate market.
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FeaturesGeneralInterior Features Other High Spd Internet Avail Laundry Facility
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air
Cooling Central Air
Rent Includes Water/Sewer Trash Collection (Garbage Pickup) Water
Possession At Close
Pets Allowed Call
Exterior Features Lighting Private Entry
Zoning Multi-Family Residential
Pool Y/N 0
Full Baths 3
Half Baths 1
Year Built 1920
Property Type Multifamily
Subdivision Name BRUSH SUB BETW FARNSWORTH & HARPER (PLATS)
Transaction Type Sale
Basement Type Partially Finished Private
Status Active
Short Sale No
Parking Total 2
Construction Materials Brick
Cumulative Days on Market 54
MLS Area Det: Livernois-I75 6-Gd River
Directions From I-75 N bound exit E Warren go right on Brush St left of Hendrie St subject on left
City Detroit
Terms Offered Cash Conventional FHA VA Warranty Deed
School District Detroit
Land Contract 0
Down Payment Resource 1
Ownership Status Short Sale - No Private Owned
Street Name HENDRIE
Homestead 0
Assessment 240.00
Total Sq Ft 2914
DOM 54
Taxes 2797.0000
Legal Description S HENDRIE W 33 FT OF E 34 FT 3 BLK 29 BRUSHS SUB L17 P28 PLATS W C R 1/79 33 X 171.10
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InteriorHeating Fuel Natural Gas
Basement Y/N 1
Total Units 2
Fireplace 0
Street Suffix Street
Total Baths 3.10
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ExteriorWaterfront 0
Lot Size Area 0.13
Water Source Public (Municipal)
Foundation Basement
Lot Size Dimensions 33.00 x 171.00
Porch Balcony Patio Porch
Roof Material Asphalt
Garage Y/N 1
Architecture Level 2 Story
Architecture Style Duplex
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Internal OnlyOriginating MLS Realcomp II Ltd
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices The Loft WarehouseBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,655
- Monthly Property Taxes
- $233
- Monthly 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.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $226,509
Percent of Sale Price 59%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/30/2024 | $550,000 | -4.35% | Price Down |
4/12/2024 | $575,000 | | Listed Price |