5950 SEMINOLE Street Active

Detroit,MI 48213

$ 125000

0 Bed

- Bath

1424 SqFt


Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 1,424 sqft

Price per Sqft $87

Subdivision Stephens Elm Pk (Plats)

MLS Listing ID 20240089319

Year Built 1910

Annual Tax Amount $526

Lot Size 3,484 Sqft

Property Description

MULTIPLE OFFER SITUATION HIGHEST AND BEST DUE FRIDAY AT NOON. LOCATED 6 MINUTES FROM THE HISTORIC INDIAN VILLAGE AND WEST VILLAGE, YOU WILL FIND 5950 SEMINOLE NESTLED ON A 3,310 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED BED ROOMS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS A NEWLY INSTALLED HOT WATER TANKS. IN ADDITION SHE HAS NEWER PLUMBING AND BRAND NEW ELECTRICAL TO INSURE MAINTENANCE FREE CASH FLOW. THIS SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. SHE HAS JUST BEEN LEASED FOR 2 YEARS WITH A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1,565 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANT PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 % THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Residential

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Structure Type Other

Schools

School District Detroit

Others

Assessment Amount $240

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Full Service

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