14002, 14004 Coyle ST Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48227
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,162 sqft
Price per Sqft $78
Subdivision Wildwood
MLS Listing ID 20251030399
Style Colonial
Full Baths 2
Year Built 1927
Property Sub-Type MultiFamily
Property Description
REDUCED! LOCATED JUST 5 MINUTES FROM THE INFAMOUS, HISTORIC ROSEDALE PARK YOU WILL FIND 14002 COYLE NESTLED ON A HUGE 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST A BRAND NEW 40 YEAR TEAR OFF ROOF PROTECTING TWO 3 BEDROOM UNITS. EVERY WINDOW IN THIS COMPOUND HADS BEEN REPLACED WITH VINYL CLAD INSULATED WINDOWS. SHE ALSO HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS GEM SHOWCASES ALL NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1350 AND $1155 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT FOR A WHOPPING TOTAL OF $2505. THESE TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 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 Area05042Det6Tiregrnfldlivernois
Interior
Heating ForcedAir, NaturalGas
Laundry None
Exterior
Exterior Feature Balcony, Lighting
Parking Features ParkingPad
Fence BackYard, Fenced
Pool None
Community Features Sidewalks
View Y/N No
Roof Type Asphalt
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard