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$ 350,000


Great income potential! Completely remodeled Duplex with an in-law suite or teen suite in lower third unit. Live in 1 side and rent out the other or rent the whole thing. Two 2 bedroom units with 1 bath each. Laundry in each of the units. All new appliances 2018. The North unit has an extra storage loft upstairs and has access to the basement. The basement is set up as a 1 bedroom unit with separate kitchen and bathroom and entrance. The city only wants it to rent as a duplex butcheck with the to be sure. BATVAI

Address: 1520 PETROLIA
Zip: 48324
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Property Id : 27041
Price: $ 350,000
Bedrooms: 2
Bathrooms: 2
Building size: 0.33 acres
Available Space: 1904 sq.ft.
Active Openhouse Count: 0
Architecture Level: 1 1/2 Story
Architecture Style: Duplex
Assessment: 0
Basement Type: Walk-Up Access
Baths Full: 2
Baths Half: 0
CDOM: 10
Construction Materials: Vinyl
County Or Parish: Oakland
Cooling: Ceiling Fan(s),Central Air
Directions: From Cooley Lake Road, turn onto Petrolia. First house on right.
Directions From EastWest: E
Directions From EastWest Detail: Hospital
Directions From NorthSouth: S
Directions From NorthSouth Detail: Cooley Lake Road
DOM: 10
Exterior Features: Private Entry
Foundation Details: Michigan Basement,Slab
Foundation Materials: Block
Frontage Feet: 200
Gross Scheduled Income: 36000.00
Heating: Forced Air,Separate Meters,Other
Heating Fuel: Electric,Natural Gas
Income Projection: Projected
Interior Features: Cable Available,High Spd Internet Avail,Laundry Facility,Programmable Thermostat,Water Softener (owned)
Last Change Type: New
List Office Name: Real Estate One-Milford
List Price By Acre: 1060606.0606
Lockbox Location: Front Door
Lock Box Type: Lock Box
Living Area Source: Public Records
Lot Size Dimensions: 200x71x200x71
MLS: Realcomp II Ltd
MLS Area Major: West Bloomfield Twp
MLS Area Major Number: 02181
MLS Number: 219114268
MF Parking: Unassigned/General
Monthly Rental Income: 3100
Number Of Units Leased: 1
Annual Net Income: 27820.00
Number Of Units Total: 2
Original List Price: 350000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 1805102008
Postal City: West Bloomfield
Postal Code Plus 4: 3957
Property Type: Multifamily
Protection Period: 180
Parking Total: 4
Pets Allowed: Yes
Porch Type: Deck,Porch - Enclosed
Rent Includes: Garbage Pickup,Water/Sewer,Yard Maintenance
Road Frontage Type: Paved
Roof Material: Asphalt
Room Count: 0
School District: Waterford
Settlement: Township
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 116640.0000
Street Name: PETROLIA
Street Number: 1520
Subdivision Name: UNION SCOTCH LAKE SUB NO 1
Sqft Combined: 1904
Sqft Total Bsmt: 400
Table: Multi Family
Tax Amount Summer: 4455.0000
Tax Amount Winter: 1325.0000
Tax Legal Description: T2N, R9E, SEC 5 UNION-SCOTCH LAKE SUB NO 1 LOT 250
Title: Private - Owned
Total Tax: 5780.0000
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: Well-Existing
Year Built: 1925
Year Remodeled: 2018
Zoning: Residential
Customer Comment: Yes
Encroachment: No
Exclusions: No
Existing Lease: Yes
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Waterfront: No
Basement: No
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via Real Estate One-Milford and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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