$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 #20240063139
Price change
$275,000
-6.78%
08/24/2024
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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