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$275,000

Beds
4
Baths
3.0
sq ft
2,581

414 Horton St, Detroit, MI 48202

414 Horton St

Detroit, MI 48202

  • 90 days on market
    • Price drop $20,000↓
Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!

Details

Property type

Single Family Residence

Lot size

3,049 sq ft

Price per sq ft

$107

Year built

1906

Annual property taxes

$1,655

Price History

10/22/2024
Realcomp

Realcomp #20240063139

Price change
$275,000
-6.78%
08/24/2024
Realcomp

Realcomp #20240063139

Listed
$295,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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Status: Active

Tomo last checked: 11/22/2024 at 10:20 AM

Listing updated: 10/22/2024 at 2:02 PM

Listed by: Gustaf Andreasen, @properties Christie's Int'l R.E. Detroit Phone #: (313) 230-0510

MLS: Realcomp #20240063139

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