Homes for sale - 5950 SEMINOLE Street, Detroit, MI 48213

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Tim Sova

[email protected] +1(810) 844-2316

$ 125,000

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Price Dropped by $4K

5950 SEMINOLE Street Detroit, MI 48213

1,424 SqFt

UPDATED:

12/18/2024 02:25 PM

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

Originating Board Realcomp II Ltd

Year Built 1910

Annual Tax Amount $526

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30.00 x 110.00

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

Direction Seminole & Lambert

Interior

Heat Source Natural Gas

Exterior

Road Frontage Paved

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Structure Type Other

Schools

School District Detroit

Others

Tax ID W17I007817S

Ownership Short Sale - No,Private Owned

Assessment Amount $240

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Listed by Marta Kopania of 1st Michigan Real Estate

Tim Sova

Broker Associate

+1(810) 844-2316

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Brighton, MI

Tim Sova

5950 SEMINOLE Street Detroit, MI 48213

Key Details

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Interior

Exterior

Building

Schools

Others

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5950 SEMINOLE Street