Listing Courtesy of: Marta Kopania - 1st Michigan Real Estate
$135,000
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5950 SEMINOLE Street Detroit, MI 48213
General Commercial
Residence
Beds
Baths
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Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
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LOCATED 6 MINUTES FROM THE HISTORIC INDIAN VILLAGE AND WEST VILLAGE, YOU WILL FIND 5950 SEMINOLE NESTLED ON A 3,310 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 BED ROOMS. SHE HAS BEEN CAREFULLY UP...GRADED AND HAS A NEWLY INSTALLED HOT WATER TANKS. IN ADDITION SHE HAS NEWER PLUMBING AND BRAND NEW ELECTRICAL TO INSURE MAINTENANCE FREE CASH FLOW. THIS SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. SHE HAS JUST BEEN LEASED FOR 2 YEARS WITH A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1,565 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANT PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 % THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
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Source MLS
Real Comp
Originating MLS
Realcomp II Ltd
MLS#
20240089319
Property Type
General Commercial
Year Built
1910
Lot Size
0.08
Sewer
Sewer at Street
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