14405 Eastwood Street Detroit, MI ^$ 199,900

14405 Eastwood Street

^$ 199,900

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14405 Eastwood Street

Detroit, MI, 48205

^$ 199,900

Studio Baths0.0

Monthly Estimate*

^$ 1,329

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Studio

Multi-Family Home for sale in Detroit, MI

for $199,900. This home was built in 1929 on a lot size of 0.12.

Transformative 17-Unit Apartment Building, a property with profound potential, located in the heart of Detroit. This 17-unit, historic building represents an unmatched opportunity for the right investor. The renovation on this building has already begun! In the past two years over $200,000 have been spent on a Major Structural Overhaul, Additional Framing on exterior walls, Brand New Roof, A Complete Clean Out on all floors (over $100k in clean out costs), as well as the addition, and clearing, of the adjacent lot.This blank slate is ready to be transformed. This is a chance not just to renovate a building, but to breathe new life into an entire community. Please Review Marketing Flyer for full Pro Forma

Multi-Family Pending

Price

^$ 199,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 286

Style

Lot Size

0.12

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70388397

Features

General

Heating None

Cooling None

Water Public Water

Status Pending Pending

Year Built 1929

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 120000

Municipality Detroit

Subdivision MI

Area Detroit (82001)

Primary City Detroit

Directions Take Chalmers south from 7 mile and 14405 ?Eastwood can be seen on your left

City Detroit

School District Detroit City School District

Street Name Eastwood

Financial Terms Cash

Legal Description N EASTWOOD 19 SEYMOUR & TROESTERS CHALMERS AVE SUB L46 P50 PLATS W C R 21/269 50 X 103.04

DOM 53

Postal Code 48205

Coming Soon Transformative 17-Unit Apartment Building a property with profound potential located in the heart of Detroit. This 17-unit

Interior

Basement Egress/Daylight Windows Walk Out

Total Number of Units 17

Exterior

Exterior Brick

Frontage 50

Lot Size Area 0.12

Lot Dimensions 50X103

Lot Description Sidewalks

Roads City/County Paved Street

Waterfront Y/N No

* Excluded Features

List By

James Duncanson

Listing Agent

Lacuna Group, Llc

Broker

detroitgreenrecovery@gmail.com

Affordability Calculator

$1,352

Per Month

Monthly Principal & Interest: $1,329
Monthly Property Taxes: $24
Monthly Home Insurance: --

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Interest Rate

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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 ^$224,738

Percent of Sale Price 12%

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
5/1/2024	$199,900		Listed Price

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14405 Eastwood Street, Detroit, MI, 48205 is a Multi-Family Home for sale at $199,900 with a lot size of 0.12. 14405 Eastwood Street is a studio with 0.0 baths and was built in 1929. The property's zip code is 48205 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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The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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14405 Eastwood Street

Multi-Family Home for sale in Detroit, MI

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