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18503 MARX Street

$ 40,000
18503 MARX ST ,


Value Add Opportunity. This large brick 2-unit (upper/lower) multi-family with the potential to gross double the current income is awaiting the right investor or owner-occupant. Separate entrances. All room sizes are estimated, property sold as-is, buyer to obtain certification of compliance. Only available to be shown on Saturdays with submission of proof of funds. Conveyed via QCD.

Address: 18503 MARX ST
Zip: 48203
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Property Id : 25308
Price: $ 40,000
Bedrooms: 2
Bathrooms: 2.1
Building size: 0.08 acres
Available Space: 1800 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Upper/Lower Apartment
Assessment: 0
Basement Type: Unfinished
Baths Full: 2
Baths Half: 1
CDOM: 165
Construction Materials: Brick
County Or Parish: Wayne
Cooling: Ceiling Fan(s),Window Unit(s)
Deposit Amount: 20000.00
Directions: S of 7 Mile W of Dequindre
Directions From EastWest: W
Directions From EastWest Detail: Dequindre
Directions From NorthSouth: S
Directions From NorthSouth Detail: 7 Mile Rd
DOM: 165
Foundation Details: Basement
Foundation Materials: Poured
Frontage Feet: 30
Gross Scheduled Income: 9000.00
Heating: Radiant
Heating Fuel: Natural Gas
Income Projection: Actual
Land Interest Rate: 8
Land Payment: 1357
Land Terms: 24
Last Change Type: Back On Market
List Office Name: The Thomas Agency, LLC
List Price By Acre: 500000.0000
Lock Box Type: Appointment
Living Area Source: Public Records
Lot Size Dimensions: 30.10X120.00
MLS: Realcomp II Ltd
MLS Area Major: Det 6-8 Grfld-Dequindre
MLS Area Major Number: 05041
MLS Number: 219048007
MF Parking: Garages
Monthly Rental Income: 750
Number Of Units Leased: 2
Annual Net Income: 6000.00
Number Of Units Total: 2
Original List Price: 50000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W09I017517S
Postal City: Highland Park
Postal Code Plus 4: 2143
Property Type: Multifamily
Protection Period: 90
Porch Type: Porch - Covered
Road Frontage Type: Paved
Roof Material: Tile
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer at Street,Sewer-Sanitary
Short Sale: No
Sqft Source: PRD
State Equalized Value: 11900.0000
Street Name: MARX
Street Number: 18503
Street Suffix: Street
Subdivision Name: CADILLAC HEIGHTS SUB OF N E 1/4 SEC 12 (PLATS)
Sqft Combined: 1800
Sqft Total Bsmt: 900
Table: Multi Family
Tax Amount Summer: 578.0000
Tax Amount Winter: 33.0000
Tax Legal Description: W MARX 1119 CADILLAC HEIGHTS SUB L33 P81 PLATS, W C R 9/163 30.11 X 120
Title: Private - Owned
Total Tax: 611.0000
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: 1928
Zoning: Residential
Customer Comment: Yes
Encroachment: No
Land Contract: Yes
Legal Rental Certified: No
Publish Sale Price: Yes
Waterfront: No
Zone Conform: Yes
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via The Thomas Agency, LLC and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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