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1512 RICHMOND Avenue

$ 89,000


Incredible opportunity to buy tenant occupied city registered rental unit with tenants in place. Buy as turn-key rental OR Live in one unit and rent out the other. Upper and lower units are both 2 bed 1 bath with large kitchens. Kitchens include fridge and stove. Two (new) water tank and 1 (new) furnace. Newer windows. Well maintained property. Real estate investors/buyers can also use FHA loans for investment properties on only on condition: the property must become the investor/buyers primary residence. Registered rental with the city of Lincoln Park. BATVAD. Limited viewing schedule. Please see agent only remarks.

Address: 1512 RICHMOND AVE
Zip: 48146
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Property Id : 27373
Price: $ 89,000
Bedrooms: 2
Bathrooms: 2
Building size: 0.09 acres
Available Space: 1218 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Bungalow,Other
Assessment: 0.02
Basement Type: Daylight,Unfinished
Baths Full: 2
Baths Half: 0
CoList Agent MUI: 333253816
CoList Agent Direct Work Phone: (248) 225-9068
CoList Agent Email:
CoList Agent FullName: Jonathan LaBarre
CoList Agent MLSID: 408865
CoList Office MUI: 359292133
CoList Office MLSID: 411894
CoList Office Name: EXP Realty LLC-Novi
CoList Office Phone: (248) 937-1337
Construction Materials: Aluminum
County Or Parish: Wayne
Cooling: Ceiling Fan(s)
Directions: West off of Fort St, just South of Champaign Rd
Directions From EastWest: W
Directions From EastWest Detail: Fort St
Directions From NorthSouth: S
Directions From NorthSouth Detail: Champaign Rd
DOM: 7
Exterior Features: Fenced,Outside Lighting
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 38
Gross Scheduled Income: 15360.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Actual
Interior Features: Cable Available,High Spd Internet Avail
Last Change Type: Back On Market
List Office Name: EXP Realty LLC-Novi
List Price By Acre: 988888.8889
Lock Box Type: Appointment/LockBox
Living Area Source: Public Records
Lot Size Dimensions: 38.00X108.00
MLS: Realcomp II Ltd
MLS Area Major: Lincoln Park
MLS Area Major Number: 05143
MLS Number: 219121382
Monthly Rental Income: 1280
Number Of Units Leased: 2
Annual Net Income: 12984.00
Number Of Units Total: 2
Original List Price: 89000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 45016020071302
Postal City: Lincoln Park
Postal Code Plus 4: 3582
Property Type: Multifamily
Protection Period: 180
Pets Allowed: Yes
Porch Type: Deck,Porch - Covered
Road Frontage Type: Paved
Roof Material: Asphalt
Room Count: 0
School District: Lincoln Park
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 26300.0000
Street Name: RICHMOND
Street Number: 1512
Street Suffix: Avenue
Subdivision Name: GARFIELD PARK SUB
Sqft Combined: 1218
Sqft Total Bsmt: 696
Table: Multi Family
Tax Amount Summer: 1498.0000
Tax Amount Winter: 282.0000
Tax Legal Description: MB71B,72 W 8 FT OF LOT 71 ALSO LOT 72 ALSO S 1/2 ADJ VAC ALLEY GARFIELD PARK SUB PC 48 L36 P96 WCR
Title: Private - Owned
Total Tax: 1780.0000
Unit Count: 1
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 Source: Municipal Water
Year Built: 1926
Zoning: Multi-Family
Customer Comment: Yes
Encroachment: No
Exclusions: No
Existing Lease: No
Land Contract: 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 EXP Realty LLC-Novi and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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