12400 Barlow Street Detroit, MI 48205
Listing Courtesy of: REALCOMP / Century 21 Curran & Oberski / Craig Covert

  12400 Barlow Street Detroit, MI 48205

Active (16 Days)
$229,900
4
BATH
2,880
SQFT

Description

**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! Seller will finance and approve reasonable land contract terms, property trades/1031 exchanges and is open to all reasonable offers and seller concessions. This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!

MLS #:
20240043565
Lot Size
3,920 SQFT
Type
Multifamily
Year Built
1929
School District
Airport
County
Wayne County

Listed By

Craig Covert, Century 21 Curran & Oberski
Source
REALCOMP
Last checked Jul 21 2024 at 7:33 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Subdivision
  • Gratiot Highlands Sub (plats)
Property Features
  • Foundation: Basement
Heating and Cooling
  • Forced Air
Basement Information
  • Unfinished
Pool Information
  • 0
Utility Information
  • Utilities: Public (Municipal)
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Fuel: Natural Gas
Stories
  • 2 Story
Additional Listing Info
  • Buyer Brokerage Commission: 3%
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Interest rate
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Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 RealComp MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/4/24 07:12