Description
Fantastic investment opportunity awaits in Detroit's Gratiot Meadows neighborhood! This solid brick colonial is a former Detroit Land Bank home that offers a massive head start, featuring approximately $80,000 in documented improvements already completed. The heavy lifting has been done for you, including a newer roof, a rebuilt front porch, some upgraded electrical, and some updated plumbing with new PEX water lines and a new hot water tank. Additionally, the property benefits from new basement windows, extensive interior wall repairs, professional drain work, complete demolition, a thorough yard cleanup, and the installation of all kitchen, bathroom, and heating elements required for Land Bank compliance. A Ring security system is also included for your peace of mind. Inside, you will find a spacious layout offering four bedrooms, two bathrooms, a formal dining room, and a full unfinished basement. While currently configured as a single-family home, this versatile property was previously used as a two-family duplex and can easily be re-converted back to a multi-family layout, matching the current seller's original plans. Bring your design vision to life, select your own custom finishes, and easily complete this renovation project. CASH ONLY.
Details
| MLS # | 61011686 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1927 |
| Days On Site | 92 |
| Listing Provided By | Quest Realty LLC | Brittany Valensky |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,440 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.10 |
Interior
| Rooms Total | 6 |
|---|---|
| Heating Yes / No | Yes |
| Heating | Natural Gas, Forced Air |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement |
Parking
| Garage Yes / No | No |
|---|
Other
| List Aor | Real Comp |
|---|
Taxes
| Property | 1131 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48205 |
| Area | Detroit (82001) |
| Community Name | Gratiot Meadows |
| Listing VS Median (in Gratiot Meadows) | |
Price: $35,000 low | high Med: $95,000 sqft: 1,440 low | high Med: 1,700 $ / sqft: $24 low | high Med: $56 On site: 92 low | high Med: 30 | |
Market Activity 48205
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48205 |
| Area | Detroit (82001) |
| Community Name | Gratiot Meadows |
| Listing VS Median (in Gratiot Meadows) | |
Price: $35,000 low | high Med: $95,000 sqft: 1,440 low | high Med: 1,700 $ / sqft: $24 low | high Med: $56 On site: 92 low | high Med: 30 | |
