Detroit, MI 48206 1117,2638 RICHTON Street
Detroit, MI 48206 1117,2638 RICHTON Street
Detroit, MI 48206 1117,2638 RICHTON Street
Detroit, MI 48206 1117,2638 RICHTON Street
Detroit, MI 48206 1117,2638 RICHTON Street
Detroit, MI 48206 1117,2638 RICHTON Street
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$ 365,000
Est. payment | /mo

8 Beds

4 Baths

4,800 SqFt


Save
$ 365,000
Est. payment | /mo
Save

8 Beds

4 Baths

4,800 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $76

Subdivision Linwood Heights Sub (Plats)

MLS Listing ID 60334002

Style 2 Story

Bedrooms 8

Full Baths 4

Abv Grd Liv Area 4,800

Year Built 1925

Annual Tax Amount $1,572

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 53.00 x 121.00

Property Description

REDUCED. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2638-2640 RICHTON NESTLED ON A 6,534 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW HARDWOOD OR CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,301 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PER. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 200 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Location

State MI

County Wayne

Area Detroit (82001)

Rooms

Basement Unfinished

Interior

Heating Wall Heat

Exterior

Waterfront No

Garage No

Building

Story 2 Story

Foundation Basement

Water Public Water at Street

Architectural Style Other

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Assessment Amount $340

Energy Description Natural Gas

Financing Cash,Conventional

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by 1st Michigan Real Estate
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2638 RICHTON Street