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426 King Street

$ 150,000
426 King ST ,
104
Active

Description

Great Investment opportunity in Detroit’s up and coming North End. Perfect cash flow opportunity to rent both units or occupy one & rent out the other. Located conveniently near both Woodward Ave and 75. You can be downtown in less than 10 min by car or catch the Grand Blvd QLine stop just a little over a mile from this multi-family home. This is a huge 3 story duplex with over 6,000 sq ft! Both units have been completely remodeled with a modern look, fresh paint, NEW carpeting & windows. Unit 428 is open for showings with an asking rent of $900/mo. Unit 426 is currently occupied in a long term lease in place until December 2020 at $950/mo. Please don’t disturb the tenants. Tenants pay all utilities. Once an accepted offer is in place, this unit will be available for viewing during the inspection period. Each unit is metered separately for utilities. 162 restaurants, Campus Martius Park, Detroit Dog Park and Detroit Golf Club are within 5 miles of this great property!

Address: 426 King ST
City:
State/County:
Zip: 48202
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Property Id : 26325
Price: $ 150,000
Bedrooms: 8
Bathrooms: 3
Building size: 0.12 acres
Available Space: 6480 sq.ft.
Active Openhouse Count: 0
Architecture Level: 3 Story
Architecture Style: Colonial
Assessment: 340
Basement Type: Partially Finished
Baths Full: 3
Baths Half: 0
CDOM: 142
Construction Materials: Brick,Vinyl
County Or Parish: Wayne
Directions: From Woodward, East On King
Directions From EastWest: E
Directions From EastWest Detail: Woodward
Directions From NorthSouth: N
Directions From NorthSouth Detail: Grand Blvd
DOM: 142
Exterior Features: Private Entry
Foundation Details: Basement
Foundation Materials: Brick
Frontage Feet: 46
Gross Scheduled Income: 11400.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Projected
Interior Features: Cable Available
Last Change Type: Back On Market
List Office Name: KW Metro
List Price By Acre: 1250000.0000
Lock Box Type: Appointment/LockBox
Living Area Source: Public Records
Lot Size Dimensions: 46.80X113x46.80X113
MLS: Realcomp II Ltd
MLS Area Major: Det: Livernois-I75 6-Gd River
MLS Area Major Number: 05043
MLS Number: 219018576
MF Parking: Unassigned/General
Monthly Rental Income: 0
Number Of Units Leased: 1
Annual Net Income: 11400.00
Number Of Units Total: 2
Original List Price: 139900.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W01I002755S
Postal City: Detroit
Property Type: Multifamily
Protection Period: 180 days
Road Frontage Type: Paved
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Source: PRD
Street Name: King
Street Number: 426
Street Suffix: Street
Subdivision Name: BEAMER & FRAERS SUB (PLATS)
Sqft Combined: 6680
Sqft Lower Floor: 200
Sqft Total Bsmt: 1944
Table: Multi Family
Tax Amount Summer: 2005.0000
Tax Amount Winter: 50.0000
Tax Legal Description: S KING E 46.76 FT 19 BEAMER & FRAERS L14 P8 PLATS, W C R 1/116 46.76 X 113
Title: Private - Owned
Total Tax: 2055.0000
Unit Count: 2
Unit Efficiency Number Of: 0
Unit Four Bed Number Of: 6
Unit Loft Number Of: 2
Unit One Bed Number Of: 0
Unit Three Bed Number Of: 2
Unit Two Bed Number Of: 0
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1905
Zoning: Multi-Family
Customer Comment: Yes
Encroachment: 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 KW Metro and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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