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$125,000

Beds
4
Baths
1.0
sq ft
1,424

5950 Seminole St, Detroit, MI 48213

5950 Seminole St

Detroit, MI 48213

  • 22 days on market
    • Price drop $4,990↓
MULTIPLE OFFER SITUATION HIGHEST AND BEST DUE FRIDAY AT NOON. LOCATED 6 MINUTES FROM THE HISTORIC INDIAN VILLAGE AND WEST VILLAGE, YOU WILL FIND 5950 SEMINOLE NESTLED ON A 3,310 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED BED ROOMS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS A NEWLY INSTALLED HOT WATER TANKS. IN ADDITION SHE HAS NEWER PLUMBING AND BRAND NEW ELECTRICAL TO INSURE MAINTENANCE FREE CASH FLOW. THIS SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. SHE HAS JUST BEEN LEASED FOR 2 YEARS WITH A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1,565 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANT 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 WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Details

Property type

Single Family Residence

Lot size

3,485 sq ft

Price per sq ft

$88

Year built

1910

Annual property taxes

$526

Price History

12/17/2024
Realcomp

Realcomp #20240089318

Price change
$125,000
-3.84%
12/09/2024
Realcomp

Realcomp #20240089318

Price change
$129,990
-3.71%
11/30/2024
Realcomp

Realcomp #20240089318

Listed
$135,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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Status: Active

Tomo last checked: 12/22/2024 at 10:10 AM

Listing updated: 12/18/2024 at 10:30 AM

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

MLS: Realcomp #20240089318

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