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506 Westminster Street Detroit, MI $ 499,000
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$ 499,000 Get more info
506 Westminster Street
$ 499,000
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506 Westminster Street

Detroit, MI, 48202
$ 499,000
Baths0.0

Monthly Estimate*

$ 3,317

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Studio

Multi-Family Home for sale in Detroit, MI

for $499,000. This home was built in 1910 on a lot size of 0.13.

3/4 occupied. Nestled in Detroit's North End neighborhood, this fully leased quadplex is the perfect purchase for a savvy investor. Building received gut renovation in 2017. All 3 bed, 1 bath units have new plumbing, electrical, HVAC, Flooring, roofing, etc. Each unit has a dishwasher Washer dryer and storage in basement. Includes 2 gated off street parking. With a gross annual income of $58,080, this property is the perfect purchase for a savvy investor. Less than 10 minute drive to downtown Detroit, and a 5 minute drive to midtown, this investment opportunity is uniquely rare and one to take advantage of. Newly renovated quadplexes in the most desired neighborhoods in Detroit are moving quickly.

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Multi-Family Pending

Price

$ 499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,348

Style

2 to 4 Units

Lot Size

0.13

Year Built

1910

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

24020988
Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling None
Utilities Public Water Available Public Sewer Available Natural Gas Available Electric Available Natural Gas Connected Electric Connected
Possession Subject To Tenant Rights
Roof Other
Construction Materials Brick
Year Built 1910
Tenant Pays Electric Gas
Township Detroit City
Property SubType 2 to 4 Units
Tax Year 2023
County Wayne
New Construction N
Property Type Multi-Family
Status Pending
Directions Brush St and Westminster
City Detroit
High School District Detroit
NumberOfUnitsTotal 4
MLS Area Wayne County - 100
Lot Size Units Acres
Lot Size Square Feet 5663.0
Waterfront Y/N N
Land Lease Y/N N
Tax Annual Amount 1348.19
Lease Renewal Y/N N
MLS Area Minor Wayne County - 100
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 34
Standard Status Pending
Tax Assessed Value 5435
Legal Description S WESTMINSTER W 50 FT OF E 70 FT 34 HOUGHS L12 P49 PLATS W C R 3/117 50 X 115 EXCEPT THE N 10 FT TAKEN FOR ALLEY
Senior Community None
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Interior
Basement Full
Total Fireplaces 1
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Laundry Features Common Area In Basement
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features Corner Lot
Total Parking 0.0
Lot Size Area 0.13
Number of Buildings 1
Spa N
Lot Dimensions 50 x 115
Lot Size Acres 0.13
Road Surface Type Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 506
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* Excluded Features
List By
Prep Realty

Broker

ishma@prepsold.com

Email

Affordability Calculator

$3,429
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,317
Monthly Property Taxes
$112
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
3706345 Elementary School
3706341 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/1/2024$499,000 Listed Price

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506 Westminster Street, Detroit, MI, 48202 is a Multi-Family Home for sale at $499,000 with a lot size of 0.13. 506 Westminster Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 48202 which is in Detroit, MI

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