5075 Lenox Street Detroit, MI ^$ 70,000

5075 Lenox Street

^$ 70,000

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5075 Lenox Street

Detroit, MI, 48213

^$ 70,000

Studio Baths4.0 Sq 2,796

Monthly Estimate*

^$ 489

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Studio

Multi-Family Home for sale in Detroit, MI

for $70,000 with 4 full baths. This 2,796 square foot home was built in 1929 on a lot size of 0.1.

This is an amazing investment opportunity located in the Chandler-Park Chalmers neighborhood of Detroit. The home boasts 4 units; each 1 bedroom/ 1 bathroom. All units are vacant; allowing for new owner to add their own touches and TLC. Each unit has the potential to rent for around $700/month. There are 2 hot water tanks that are currently removed but would be replaced upon sale.

Multi-Family Active

Price

^$ 70,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,481

Style

Lot Size

0.1

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60285534

Features

General

Heating Hot Water

Possession At Close

Water Public Water at Street

Status Active Accepting Backup Offers

Full Baths 4

Half Baths 0

Bathrooms 4

Year Built 1929

Subdivision JEFFERSON PARK LAND CO LTD NO 1 (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions N of East Warren/E of Dickerson

City Detroit

School District Detroit City School District

Street Name Lenox

Financial Terms Cash

Legal Description W LENOX 974 JEFFERSON PARK LAND COMPANY LIMITED SUB NO 1 L50 P78 PLATS W C R 21/755 40 X 106

DOM 88

Postal Code 48213

Price Per Sq Ft 25.04

Coming Soon This is an amazing investment opportunity located in the Chandler-Park Chalmers neighborhood of Detroit. The home boasts 4 units; each 1 bedroom/ 1 bathroom. All units are vacant; allowing for new own

Interior

Basement Block

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.1

Lot Dimensions 40.00 x 106.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Joseph Hammel

Listing Agent

Keller Williams Somerset

Broker

joe@firerealtyteam.com

Affordability Calculator

$612

Per Month

Monthly Principal & Interest: $489
Monthly Property Taxes: $123
Monthly Home Insurance: --

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Down Payment

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
3/25/2024	$70,000	-12.50%	Price Down
2/27/2024	$80,000	-10.11%	Price Down
2/13/2024	$89,000	-10.91%	Price Down
2/1/2024	$99,900		Listed Price

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5075 Lenox Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $70,000 with 2,796 sqft and a lot size of 0.1. 5075 Lenox Street is a studio with 4.0 baths and was built in 1929. The property's zip code is 48213 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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5075 Lenox Street

Multi-Family Home for sale in Detroit, MI

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