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$175,000

Beds
6
Baths
2.0
sq ft
2,039

3990 Beaconsfield St, Detroit, MI 48224

3990 Beaconsfield St

Detroit, MI 48224

  • 12 days on market
    • Price drop $25,000↓
LOCATED 7 MINUTES FROM THE INFAMOUS CITY OF GROSSE POINTE AND JEFFERSON/CHALMERS, YOU WILL FIND 3990 BEACONSFIELD NESTLED ON A HUGE 4,356 SQUARE FOOT LOT IN THE QUIET "MORNINGSIDE" NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST A BRAND NEW 40 YEAR TEAR OFF ROOF TOWERING OVER TWO SPACIOUS 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1413 AND $1277 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT FOR A WHOPPING TOTAL OF $2690. THESE TENANTS 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 IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Details

Property type

Single Family Residence

Lot size

4,356 sq ft

Price per sq ft

$86

Year built

1927

Annual property taxes

$1,249

Price History

10/30/2024
Realcomp

Realcomp #20240080395

Price change
$175,000
-12.5%
10/23/2024
Realcomp

Realcomp #20240080395

Listed
$200,000
+370.59%
08/01/2023
Realcomp

Realcomp #20230034785

Sold
$42,500
+112.5%

Schools & Community

Neighborhood: 

Morningside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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Status: Active

Tomo last checked: 11/05/2024 at 3:35 AM

Listing updated: 10/30/2024 at 9:20 AM

Listed by: Marta Kopania, 1st Michigan Real Estate Phone #: (734) 301-6553

MLS: Realcomp #20240080395

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