$1,100,000
458 HAGUE Street Detroit, MI 48202 2123
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$1,100,000
Est. payment /mo
10 BA
4,756 SqFt
Active
458 HAGUE Street Detroit, MI 48202 2123
UPDATED:
10/27/2024 06:48 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,756 sqft
Price per Sqft $231
Subdivision Mi
MLS Listing ID 60342664
Full Baths 7
Half Baths 3
Year Built 1910
Annual Tax Amount $1,019
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 125.00 x 36.00
Property Description
This beautifully transformed building in the North End of Detroit includes four impeccably renovated condos with modern layouts and finishes, currently generating strong rents due to their thoughtful design and high-quality finishes. All utilities are separately metered, ensuring ease of management for future owners. The sale includes an adjacent lot at 455 E Philadelphia St (Parcel Number 01002632), offering great potential for future development or use as a tenant amenity to further boost rental income. Contributing to the investment potential, the surrounding area is experiencing significant growth, including developments like The Beauton (retail and residential), newly built townhomes on Marston and John R, and the Detroit Food Commons. This property offers immense investment flexibility: With North End property values appreciating consistently and the area dotted with development at every turn, you can reap the rewards of above-market rents while maintaining the freedom to sell individual units at any time. Additionally, you have the option to develop the adjacent lot, further enhancing the long-term potential of this investment. The property was recently converted to condos and are individually identified as follows: • 458 Hague Unit 1: 01002633001 • 458 Hague Unit 2: 01002633002 • 458 Hague Unit 3: 01002633003 • 458 Hague Unit 4: 01002633004
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Egress/Daylight Windows, Finished
Interior
Heating Forced Air
Cooling Central A/C
Fireplace No
Exterior
Exterior Feature Brick
Waterfront No
Building
Foundation Basement
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,Conventional Blend,Exchange/Trade,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by O'Connor Realty Detroit, LLC
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