217 Richter Street River Rouge, MI 48218 MLS# 20230062205 Sold
MLS# 20230062205
Sold
  

$175,000
View On Website
 Property Type Multifamily
 Parcel # 50005060161000
 County Wayne
 Sold Price $150,000
 Sold Date 10/17/2023
 Close Date 10/17/2023 12:00 AM
MLS Public Remarks  Looking for your newest investment! Look no further. This property is perfect for investors looking for a cash flowing property as well as owner occupants looking to house hack. This 3 unit multifamily home has 2 units currently occupied by long term tenants and a 3rd unit vacant that can easily be filled or used as a primary residence. Currently cash flowing $1,600 a month with the potential of $3,117 when occupied by section 8 tenants. There are two units with one bedroom and one bathroom which could be occupied at $952 for section 8 tenants and a final two bedroom unit which could be occupied at $1213 for section 8 tenants. All units are nicely updated including newer floors and updates and very well taken care of by current tenants. Property has been low maintenance for the seller for several years and is ready to be taken over!
http://www.www.johnstoneandjohnstone.com.com/20230062205
AGENT/COMPANY DETAILS  
Customer Care
Phone: 248-304-6700
[email protected]
www.www.johnstoneandjohnstone.com.com/20230062205
Customer Care
LOCATION  
  • Township  River Rouge
  • Directions  W of Marion N of Coolidge
  • HOUSE DESCRIPTION  
  • Fin Below Grd SqFt  0
  • Total Fin SqFt  2,390
  • Price/SqFt  $73
  • Unfinished SqFt  0
  • Above Grade Finished SqFt  2,390
  • CDOM  35
  • Sub Property Type  Multifamily
  • Year Built  1937
  • Days on Market  32
  • ASSESSMENT/SCHOOLS   
  • Land Assessment  -
  • Improvements  $175000
  • Net Taxes  $2292
  • Acreage  0.13
  • Taxes  -
  • Tax Year  -
  • Summer Taxes  $1569
  • School District  River Rouge
  • Winter Taxes  $723
  • LOT DESCRIPTION  
  • Subdivision  Hoods Sub
  • Lower Level Square Footage  0
  • Waterview  N
  • Number of Units  3
  • Waterfront  N
  • For Lease/Rent  N
  • Est. Total Acres  0.13
  • Lot Dimensions  55.00 x 100.00
  • WaterFrontage   0
  • INTERIOR FEATURES  
  • Heating  Forced Air, Natural Gas
  • Water  Public (Municipal), Water at Street
  • Basement  Y
  • Heating  Forced Air, Natural Gas
  • EXTERIOR FEATURES  
  • Garage  0.0
  • Architecture  2 Story
  • Basement details  Unfinished
  • Sewer  Public Sewer (Sewer-Sanitary), Sewer at Street
  • Parking Desc  Garages
  • Home Style  Colonial
  • Possession  At Close
  • Exterior Materials  Aluminum, Asbestos
  • DETAILS  
  • Status Change Date  10/17/2023
  • Listing Date  07/27/2023
  • Internet/IDX  Y
  • Pending Date  10/17/2023
  • Co-Listing Agent Name  Brittany Barnett
  • Named Exceptions  Y
  • LISTING OFFICE DETAILS  
  • Listing Office   Exp Realty Llc
  • Office Address   39555 Orchard Hill Place Ste 600
  • Listing Number   20230062205



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