2935 Lakewood Detroit, MI ^$ 70,000

2935 Lakewood

^$ 70,000

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2935 Lakewood

Detroit, MI, 48215

^$ 70,000

Studio Baths3.0 Sq 2,826

Monthly Estimate*

^$ 489

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Studio

Multi-Family Home for sale in Detroit, MI

for $70,000 with 3 full baths. This 2,826 square foot home was built in 1924 on a lot size of 0.14.

Investment opportunity! Sitting on three lots, this brick multifamily property is in need of some work. Perfect for those looking to invest in a property that has the potential to bring in great returns. Located near Grosse Pointe Park, this two-unit property is close to some of the best restaurants and bars in the area. With some work, this property with an upper and lower unit can be turned into a thriving investment. This is a fantastic opportunity to own a piece of Detroit real estate. Construction or renovation loan program required for Conventional and FHA financed offers. Lender contacts for construction and renovation and be provided upon request. ADDITIONAL LOTS INCLUDED IN SALE 2919 Lakewood St and 2927 Lakewood St, giving this property a lot size of 120.00 x 151.00.

Multi-Family Pending

Price

^$ 70,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,720

Style

Lot Size

0.14

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60187637

Features

General

Heating Other-See Remarks

Cooling Other

Water Public Water

Status Pending Pending

Full Baths 3

Half Baths 0

Bathrooms 3

Year Built 1924

Subdivision GARDEN HEIGHTS (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Detroit

Zoning Residential

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions From Mack head south on the right

City Detroit

School District Detroit City School District

Street Name LAKEWOOD

Financial Terms Cash Conventional FHA 203K

Legal Description W LAKEWOOD 95 GARDEN HEIGHTS SUB L30 P58 PLATS W C R 21/399 40 X 150.61A

DOM 45

Postal Code 48215

Price Per Sq Ft 24.77

Coming Soon Investment opportunity! Sitting on three lots

Interior

Basement Block

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.14

Lot Dimensions 120.00 x 151.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Christian Draheim

Listing Agent

O'connor Realty Detroit, Llc

Broker

christian@detroithomehub.com

Affordability Calculator

$632

Per Month

Monthly Principal & Interest: $489
Monthly Property Taxes: $143
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$212,766

Percent of Sale Price 204%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/31/2023	$70,000		Listed Price

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2935 Lakewood, Detroit, MI, 48215 is a Multi-Family Home for sale at $70,000 with 2,826 sqft and a lot size of 0.14. 2935 Lakewood is a studio with 3.0 baths and was built in 1924. The property's zip code is 48215 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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2935 Lakewood

Multi-Family Home for sale in Detroit, MI

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