MI > Wayne > Detroit > 4830 Grayton

$300,000

Reduced ($55,000) on 04/17/2024

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  • 5 Units
  • 2,922 SqFt
  • MLS# 20240007921
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248-304-6700

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248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
LARGE FIVE UNIT MULTI-FAMILY INVESTMENT PROPERTY! LOCATED IN DESIRABLE EAST ENGLISH VILLAGE, SOUTH OF E. WARREN AND WEST OF CADIUEX. UPDATES INCLUDE A NEW BOILER IN 2023, AND SELLER HAS DONE SOME RENOVATIONS IN FOUR OF THE UNITS. THIS PROPERTY FEATURES FIVE 1 BEDROOM UNITS. EACH UNIT HAS ONE BEDROOM, BATHROOM, HARDWOOD FLOORS, FRIDGE AND STOVES INCLUDED. COIN OPERATED WASHER AND DRYER IN THE LAUNDRY FACILITY IN THE BASEMENT. FOUR OUT OF FIVE UNITS ARE CURRENTLY TENANTED. RENTS FOR EACH UNIT ARE AS FOLLOWS- APT #1S- $952 SECTION 8 TENANT, APT #1N- $750 SECTION 8 TENANT, APT #2N- VACANT UNIT, APT #2S- $848 SECTION 8 TENANT, AND APT #B AT $550 CASH TENANT. TENANTS PAY ELECTRIC AND COOKING GAS FOR EACH UNIT. OWNER IS RESPONSIBLE FOR GAS FOR HEAT AND WATER. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED WITH THE BUYER'S AGENT. BUYER TO PAY A $295 PROCESSING FEE AT CLOSING. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT.

Property Information

Status
Active 
Address
4830 Grayton 
City
Detroit 
Zip
48224 
Year Built
1931 
Style
Colonial 
Possession
Subject To Tena 
Architecture
2 Story 
Listing Date
02/08/2024 
County
Wayne 
Above Grade SqFt
2,922 
Total No of Units

School Information

School District
Detroit 

Taxes

Summer Taxes
$6,937 
Winter Taxes
$780 

Rooms and Land

Lot Dimensions
41 X 168 
Total Acres
0.16 

Features

Style
Colonial 
Basement
Unfinished 
Heating
Hot Water, Natural Gas, Radiant 

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20240007921 Apr 17 2024 1:44PM $300,000 $355,000 149
20240007921 Mar 15 2024 12:05PM $355,000 $374,000 149
20240007921 Active Feb 8 2024 2:36PM $374,000 149
20230095903 Withdrawn Active Jan 18 2024 1:41PM 70
20230095903 Jan 8 2024 2:37PM $395,000 $399,000 70
20230095903 Active Nov 9 2023 3:05PM $399,000 70
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Detroit Investment Company
(734) 838-9197
Office Address 13407 Farmington Road Ste 207

4830 Grayton Detroit
Contact us
$300,000
For Sale • No. of Units: 5