tomo logo

$124,950

Beds
4
Baths
2.0
sq ft
1,860

15737 Cherrylawn St, Detroit, MI 48238

15737 Cherrylawn St

Detroit, MI 48238

  • 294 days on market
Recently renovated 2 family flat with updated kitchens, bathrooms, electrical, plumbing and carpet! This is a great investment property. Both units are occupied with 12 month leases. Current Cap Rate: 14%. Net Operating Income: $17,298.00.

Details

Property type

Single Family Residence

Est. home value

$122,457

Lot size

4,356 sq ft

Price per sq ft

$68

Year built

1928

Annual property taxes

$1,942

Price History

03/15/2024
MiRealSource

MiRealSource #50121813

Listed
$124,950
01/03/2024
MiRealSource

MiRealSource #50121813

Removed
$124,950
09/12/2023
MiRealSource

MiRealSource #50121813

Listed
$124,950

Schools & Community

Neighborhood: 

Fitzgerald

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit City School District

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

Impact Management Llc

Loan start date

August 2008

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Not Provided

Seller

Quality Care Improvements Inc

Lender

Impact Management Llc

Loan start date

August 2008

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Not Provided

Seller

Quality Care Improvements Inc

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?

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Status: Active

Tomo last checked: 07/02/2024 at 7:20 PM

Listing updated: 03/22/2024 at 3:24 AM

Listed by: Jonathan Minerick, HomeCoin.com Phone #: (888) 400-2513

MLS: MiRealSource #50121813

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