Highland Park, MI 48203 4595,240 GOLDEN GATE
$160,000
$169,900
5.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2,700 SqFt

240 GOLDEN GATE Highland Park, MI 48203 4595

Est. payment /mo
SOLD DATE : 09/12/2023

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $160,000

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $59

Subdivision Mi

MLS Listing ID 60233116

Sold Date 09/12/23

Annual Tax Amount $2,589

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 60.00 x 111.00

Property Description

LOCATED 5 MINUTES FROM THE INFAMOUS PALMER PARK HISTORIC DISTRICT, YOU WILL FIND 240 WEST GOLDEN GATE NESTLED ON A 6,534 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS TRIPLEX CONSISTS OF 3 RECENTLY REMODELED SECTION 8 UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY 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 MAINTENANCE FREE FLOORING. THE UNITS ARE ALL LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE $3255 PAID BY SECTION 8. THE TENANTS PAY ALL UTILITIES WITH CENTRAL HEAT, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $250 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Interior

Heating Hot Water

Exterior

Waterfront No

Building

Foundation Basement

Water Public Water at Street

Structure Type Brick

Others

Ownership Private

Assessment Amount $240

Energy Description Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

Read Less


MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by 1st Michigan Real Estate
Bought with Prestige Realty International

GET MORE INFORMATION

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.