tomo logo

$325,000

Beds
6
Baths
4.0
sq ft
3,102

1071 E Grand Blvd, Detroit, MI 48207

1071 E Grand Blvd

Detroit, MI 48207

  • 4 days on market
Welcome to this fully updated, completely renovated DUPLEX in Detroit! Each unit offers 3 spacious bedrooms, 2 full bathrooms, and is beautifully finished from top to bottom. Trendy flooring, granite counters, gorgeous bathrooms, no expense was spared! With current rents at $1,750 per unit, this property meets and exceeds the "1 percent rule," making it an excellent investment. For those looking to "house hack," this property allows for income generation while enjoying a stylish living space. Either way, this property offers the best of both worlds with modern updates and a strong rental history. Come see today!

Details

Property type

Single Family Residence

Lot size

6,098 sq ft

Price per sq ft

$105

Year built

1912

Annual property taxes

$1,823

Price History

10/31/2024
Realcomp

Realcomp #20240082408

Listed
$325,000
+1150%
12/28/2020
Realcomp

Realcomp #2200076732

Sold
$26,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rocket Mortgage Llc

Loan start date

March 2022

Original loan amount

$190,500

Est. remaining balance

$180,882

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Chene Gibbs

Lender

Rocket Mortgage Llc

Loan start date

March 2022

Original loan amount

$190,500

Est. remaining balance

$180,882

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Chene Gibbs

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/04/2024 at 5:15 PM

Listing updated: 11/02/2024 at 12:05 AM

Listed by: Riaz A Sheriff, KW Professionals Phone #: (734) 459-4700

MLS: Realcomp #20240082408

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