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17946 GALLAGHER Street Detroit, MI 48212 1093
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Key Details
Sold Price $113,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,735 sqft
Price per Sqft $65
Subdivision Mi
MLS Listing ID 60129774
Sold Date 12/06/22
Style 2 Story
Full Baths 2
Year Built 1926
Annual Tax Amount $921
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30.00 x 97.00
Property Description
PLEASE CALL/text Marta at 7343016553 LOCATED INSIDE THE INFAMOUS TOWN OF HAMTRAMCK YOU WILL FIND 17946 GALLAGHER NESTLED ON A 3100 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX CONSISTS OF 2 RECENTLY REMODELED 2 BED ROOM UNITS. WHILE BOASTING A BRAND NEW ROOF WITH 40 YEAR HIGH DEFINITION SHINGLES. EACH UNIT HAS BEEN UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND HARDWOOD FLOORS. THE UNITS ARE LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE PAID BY SECTION 8 AS FOLLOWS: $1241 AND $1200. BOTH 2 YEAR LEASES JUST STARTED LAST MONTH.THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 25% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO LESS THAN $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. HIGHEST AND BEST MONDAY AT NOON.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Hot Water
Fireplace No
Exterior
Exterior Feature Other
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water at Street
Structure Type Other
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $240
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with LPS