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14578 FORRER Street

$ 55,900
14578 FORRER ST ,


Instant Equity! Great Investment opportunity to add to your portfolio. VA appraisal $63,122 as of July 2019. Walk to shopping, transportation and restaurants. Next to Grandmont Rosedale Park! Spacious brick 2 family home with 2 bedrooms in each unit. This home features separate entrances, newer roof and gutters (2017), 1 new boiler (2018) and a finished basement with full kitchen, full bath and more. The lower unit is currently rented to a long-term tenant and upper unit has been renovated to include new paint, carpet, flooring, light fixtures, toilet, tub, vanity, stove, refrigerator and enclosed upper porch. Land Contract terms available. Buyers agent is required to be physically present for all showings.

Address: 14578 FORRER ST
Zip: 48227
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Property Id : 26934
Price: $ 55,900
Bedrooms: 2
Bathrooms: 3
Building size: 0.14 acres
Available Space: 1945 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Upper/Lower Apartment
Assessment: 0
Basement Type: Finished
Baths Full: 3
Baths Half: 0
CDOM: 235
Construction Materials: Aluminum,Brick
County Or Parish: Wayne
Cooling: Ceiling Fan(s)
Deposit Amount: 30000.00
Directions: Grand River to Forrer, go north to address
Directions From EastWest: W
Directions From EastWest Detail: Greenfield
Directions From NorthSouth: N
Directions From NorthSouth Detail: Grand River
DOM: 21
Exterior Features: Fenced,Outside Lighting
Foundation Details: Basement
Foundation Materials: Poured
Frontage Feet: 40
Gross Scheduled Income: 15600.00
Heating: Steam
Heating Fuel: Natural Gas
Income Projection: Projected
Interior Features: High Spd Internet Avail
Land Interest Rate: 8
Land Payment: 630
Land Terms: 3
Last Change Type: Price Increase
List Office Name: Five Star Real Estate
List Price By Acre: 399285.7143
Lockbox Location: Call Listing Agent
Lock Box Type: Appointment
Living Area Source: Public Records
Lot Size Dimensions: 40.00X150.00
MLS: Realcomp II Ltd
MLS Area Major: Det - Schcraft-6 Grnfld-Limits
MLS Area Major Number: 05033
MLS Number: 219112454
Monthly Rental Income: 1300
Number Of Units Leased: 1
Annual Net Income: 11500.00
Number Of Units Total: 2
Original List Price: 49900.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W22I053916S
Postal City: Detroit
Postal Code Plus 4: 2200
Property Type: Multifamily
Protection Period: 90
Pets Allowed: No
Porch Type: Porch - Covered
Road Frontage Type: Paved
Roof Material: Asphalt
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer at Street
Short Sale: No
State Equalized Value: 13300.0000
Street Name: FORRER
Street Number: 14578
Street Suffix: Street
Subdivision Name: RUGBY (PLATS)
Sqft Combined: 2645
Sqft Lower Floor: 700
Sqft Total Bsmt: 1012
Table: Multi Family
Tax Amount Summer: 1364.0000
Tax Amount Winter: 126.0000
Tax Legal Description: E FORRER N 40 FT 124 RUGBY SUB L29 P75 PLATS, W C R 22/18 40 X 150
Title: Private - Owned
Total Tax: 1490.0000
Unit Count: 2
Unit Efficiency Number Of: 0
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 0
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 2
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1926
Zoning: Multi-Family
Customer Comment: Yes
Encroachment: No
Exclusions: No
Existing Lease: Yes
Land Contract: Yes
Legal Rental Certified: No
Publish Sale Price: Yes
Waterfront: No
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via Five Star Real Estate and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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