35
See all 35 photos
$109,900
Est. payment /mo
2 Baths
4,356 Sqft Lot
New
16612 Ilene Street Detroit, MI 48221
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251007213
HOA Y/N true
Year Built 1929
Annual Tax Amount $3,179
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40X108
Source Realcomp
Property Description
**INVESTORS** Add this 2 unit multi-family property to your rental portfolio! The property features two 2-bedroom units, each with a large living room and dining room, kitchen, and full bathroom! The property has its original hardwood floors in both units (you will need to remove the carpet in 1 of the units), tons of beautiful plaster walls and crown molding, an updated kitchen in one of the units, forced air heating, updated 100 amp electrical panels and romex wiring, and updated copper, PEX, and PVC plumbing! Both bathrooms could do with a lite facelift, but are in otherwise decent condition. Separate laundry tubs for each unit in the basement. Gas and electric are metered separately. ARV for this property could be as high as $220-250K so it could make a perfect BRRRR strategy property, with Sec 8 rents for the units as high as $1,200/month. CASH OR HARD MONEY ONLY, NO SELLER FINANCING OR CONVENTIONAL.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction From McNichols turn South on Ilene
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I040282S
Acceptable Financing Cash
Listing Terms Cash
Listed by RE/MAX Leading Edge