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20129 -20131 STRATFORD Road

$ 223,500
in
20129 -20131 STRATFORD RD ,
54
Active

Description

IMMACULATE 2-UNIT INCOME PRODUCING PROPERTY. Introducing to market, a rare investment opportunity in one of Detroit’s most desirable neighborhoods: Green Acres, surrounded by Palmer Woods and Sherwood Forest. A short walk to quickly evolving Livernois Avenue of Fashion commercial corridor (the city is removing the median, widening the sidewalks, and adding sidewalk-level bike lanes) and central location to Palmer Park, Royal Oak, Woodward and more. The 1941 Colonial-style, multi-family home features an elegant enterance leading to the upper & entry level units. Each unit offers approx. 1600 SqFt of living space, 3702 sqft total & tremendous character – maintained hardwood floors, newer windows & fireplace. Both unit’s have quiet longterm paying tenants on month to month lease, average local rent estimate $950-1350 monthly. Walk to all the shops, cafes, & restaurants lining Livernois and look forward to all the new exciting businesses to come.

Address

Address: 20129 -20131 STRATFORD RD
City:
State/County:
Zip: 48221
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Details

Property Id : 27365
Price: $ 223,500
Bedrooms: 2
Bathrooms: 2
Building size: 0.11 acres
Available Space: 2468 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Duplex
Assessment: 340
Basement Type: Common
Baths Full: 2
Baths Half: 0
CDOM: 3
Construction Materials: Brick
County Or Parish: Wayne
Directions: East Of Livernois and South of 8 Mile. Green Acres Sub
Directions From EastWest: E
Directions From EastWest Detail: Livernois
Directions From NorthSouth: N
Directions From NorthSouth Detail: 7 Mile
DOM: 3
Foundation Details: Basement
Foundation Materials: Brick
Frontage Feet: 35
Gross Scheduled Income: 19200.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Actual
Last Change Type: New
List Office Name: Braven Enterprises LLC
List Price By Acre: 2031818.1818
Lock Box Type: Appointment
Living Area Source: Public Records
Lot Size Dimensions: 40.00X118.00
MLS: Realcomp II Ltd
MLS Area Major: Det 6-8 Grfld-Dequindre
MLS Area Major Number: 05041
MLS Number: 219121143
Monthly Rental Income: 1600
Number Of Units Leased: 2
Annual Net Income: 16000.00
Number Of Units Total: 2
Original List Price: 223500.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W02I005235S
Postal City: Detroit
Postal Code Plus 4: 1317
Property Type: Multifamily
Protection Period: 12/07/2020
Pets Allowed: Call
Road Frontage Type: Paved
Roof Material: Asphalt
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 63500.0000
Street Name: STRATFORD
Street Number: 20129 -20131
Street Suffix: Road
Subdivision Name: WOODWARD (PLATS)
Sqft Combined: 2468
Sqft Total Bsmt: 1500
Table: Multi Family
Tax Amount Summer: 2324.0000
Tax Amount Winter: 233.0000
Tax Legal Description: W STRATFORD 430 WOODWARD SUB L48 P89 PLATS, WCR 2/155 40 X 118
Title: Private - Owned
Total Tax: 2557.0000
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: 1941
Zoning: Residential
Customer Comment: Yes
Encroachment: No
Existing Lease: Yes
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via Braven Enterprises LLC and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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