tomo logo

$250,000

Beds
2
Baths
1.5
sq ft
4,464

5354 Oregon St, Detroit, MI 48204

5354 Oregon St

Detroit, MI 48204

  • 42 days on market
Discover this exceptional investment opportunity with a four-unit multifamily property, currency generating steady income with three units already occupied. This well-maintained property offers a fantastic blend of stability and potential, making it for both seasoned investors and those new to the market. Each unit is spacious with 2 bedrooms and 1 bathroom. In April of 2020 the owner replaced the roof, gutter, fascia downspouts, and added all new windows throughout. In Apil of 2021 the sewer line was replaced and also received a clearance report for lead. Unoccupied unit is available for showing. Please do not disturb tenants. BATVAI

Details

Property type

Single Family Residence

Est. home value

$131,517

Lot size

5,663 sq ft

Price per sq ft

$57

Year built

1924

Annual property taxes

$2,939

Price History

10/07/2024
Realcomp

Realcomp #20240075888

Listed
$250,000
09/12/2024
Realcomp

Realcomp #20240041155

Removed
$250,000
06/11/2024
Realcomp

Realcomp #20240041155

Listed
$250,000
+316.67%

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

Mountain West Ira

Loan start date

March 2021

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

2.73%

Loan type

Commercial

Seller

Equity Wealth Builders Detroit Llc

Lender

Mountain West Ira

Loan start date

March 2021

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

2.73%

Loan type

Commercial

Seller

Equity Wealth Builders Detroit Llc

Lender

August Vanderwey

Loan start date

December 2019

Original loan amount

$90,000

Est. remaining balance

Not provided

Interest rate

3.69%

Loan type

Not Provided

Seller

Equity Wealth Builders Detroit Llc

Lender

August Vanderwey

Loan start date

December 2019

Original loan amount

$90,000

Est. remaining balance

Not provided

Interest rate

3.69%

Loan type

Not Provided

Seller

Equity Wealth Builders Detroit Llc

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: 11/19/2024 at 10:35 AM

Listing updated: 10/09/2024 at 6:11 AM

Listed by: Steven Riley, DOBI Real Estate Phone #: (248) 385-3350

MLS: Realcomp #20240075888

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