8762 Epworth Street Detroit, MI $ 410,000
8762 Epworth Street
$ 410,000
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8762 Epworth Street

Detroit, MI, 48204
$ 410,000
Bedrooms8 Baths4.0 Sq 3,500

Monthly Estimate*

$ 2,864

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Multi-Family Home for sale in Detroit, MI

for $410,000 with 8 bedrooms and 4 full baths. This 3,500 square foot home was built in 1924 on a lot size of 0.12.

HIGHEST AND BEST DUE BY MONDAY AT 5PM. WELCOME TO 8762 EPSWORTH, DETROIT, MI – AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF THE CITY! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN EACH UNIT. IMAGINE THE POTENTIAL FOR PASSIVE INCOME WITH AN ESTIMATED $5,200 PER MONTH IN RENTS, TOTALING AN IMPRESSIVE $62,400 ANNUALLY. THIS PROPERTY IS A SAVVY INVESTOR'S DREAM, PROVIDING AN EXCELLENT RETURN ON INVESTMENT. THIS MULTIFAMILY GEM IS NOT JUST ABOUT NUMBERS; IT'S ABOUT LIFESTYLE TOO. THE STRATEGIC LOCATION PUTS YOU JUST 7 MINUTES AWAY FROM DOWNTOWN DETROIT, MAKING IT AN IDEAL CHOICE FOR THOSE WHO VALUE CONVENIENCE AND ACCESSIBILITY. SITUATED RIGHT OFF THE FREEWAY, COMMUTING BECOMES A BREEZE, OFFERING EASY ACCESS TO ALL THAT THE CITY HAS TO OFFER. ONE OF THE UNIQUE FEATURES OF THIS PROPERTY IS ITS SUITABILITY FOR HOUSE HACKING. LIVE IN ONE UNIT AND LET THE OTHER THREE UNITS CONTRIBUTE TO YOUR MORTGAGE OR PROVIDE A STEADY STREAM OF RENTAL INCOME. IT'S A SMART WAY TO MAKE YOUR HOUSING EXPENSES WORK FOR YOU. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS WITH ALL NECESSARY PERMITS PULLED. THE ENTIRE BUILDING HAS BEEN REFRAMED, ENSURING STRUCTURAL INTEGRITY AND LONGEVITY. UPGRADES INCLUDE NEW PLUMBING, HEATING, AND COOLING SYSTEMS, AS WELL AS ELECTRICAL IMPROVEMENTS. THE INTERIOR BOASTS TOP-OF-THE-LINE FINISHES, INCLUDING GRANITE COUNTERTOPS, PROVIDING A TOUCH OF LUXURY TO EACH UNIT. ENJOY THE BENEFITS OF MODERN LIVING WITH HIGH-EFFICIENCY FURNACES, ENSURING COMFORT WHILE KEEPING UTILITY COSTS IN CHECK. DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY TO INVEST IN A TURNKEY PROPERTY THAT COMBINES MODERN AMENITIES WITH A PRIME LOCATION. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, 8762 EPSWORTH IS A MUST-SEE. SCHEDULE YOUR VIEWING TODAY AND MAKE YOUR MARK ON THE DETROIT REAL ESTATE SCENE!

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Multi-Family Active

Price

$ 410,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.12

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230105313

Features
Interior
Heating Fuel Natural Gas
Basement Y/N 1
Total Units 4
Fireplace 0
Street Suffix Street
Total Baths 4.00
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General
Sewer Sewer at Street
Heating Forced Air
Possession At Close
Pets Allowed Call
Zoning Multi-Family
Pool Y/N 0
Full Baths 4
Half Baths 0
Year Built 1924
Property Type Multifamily
Subdivision Name DAILEY PARK SUB (PLATS)
Transaction Type Sale
Basement Type Unfinished
Status Active
Short Sale No
Parking Total 0
Construction Materials Brick
Cumulative Days on Market 126
MLS Area Det South Of Grand River
Directions N of Tireman / E of Livernois
City Detroit
Terms Offered Cash Conventional FHA VA
School District Detroit
Land Contract 0
Down Payment Resource 1
Ownership Status Short Sale - No Private Owned
Street Name EPWORTH
Homestead 0
Assessment 0.00
Total Sq Ft 3500
DOM 126
Legal Description Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 10/30/2028. E EPWORTH 635 DAILEY PARK SUB L29 P80 PLATS W C R 16/185 35 X 142.78A
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Exterior
Waterfront 0
Lot Size Area 0.12
Water Source Water at Street
Foundation Basement
Lot Size Dimensions 35.00 x 143.00
Architecture Level 2 Story
Architecture Style Quadruplex
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Marta Kopania

Listing Agent

1St Michigan Real Estate

Broker

(734) 301-6553

Phone

Affordability Calculator

$2,864
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,864
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2024$410,000 -2.38% Price Down
3/10/2024$420,000 -1.18% Price Down
1/16/2024$425,000 -5.56% Price Down
12/22/2023$450,000 Listed Price

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8762 Epworth Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $410,000 with 3,500 sqft and a lot size of 0.12. 8762 Epworth Street has 8 bedrooms, 4.0 baths, and was built in 1924. The property's zip code is 48204 which is in Detroit, MI