13723 Mapleridge Street, Detroit, MI 48205

Listing Description

Welcome to 13723 Mapleridge Street, a beautifully restored 2 Unit Multi-Family property offering the perfect blend of homeownership and income potential. This is an outstanding opportunity for a qualified owner-occupant to live in one unit while generating rental income from the second unit. Extensively rehabilitated with quality improvements throughout, this home provides peace of mind and long-term value. Updates include new kitchens and baths, new flooring throughout, new plumbing, electrical, mechanicals, roof and windows. Buyer eligibility requirements apply. This property is not available for non owner occupants. Stove, Refrigerator and Central Air Units will be delivered at closing, adding even more comfort and convenience. This purchase offers exceptional financial support with up to $15,000 in Down Payment Assistance available and up to $8,500 in Closing Cost Assistance available. Please note Rehabilitation funds were provided through the Michigan State Housing Development Authority (MSHDA). To maintain long-term affordability: Purchaser must be an owner-occupant, Household income must not exceed 60% of Area Median Income (AMI) per federal guidelines. The second unit must be rented to a Section 8 Housing Choice Voucher holder for a minimum of five (5) years. Failure to comply with program guidelines will result in a penalty requiring the homeowner to repay the gap funding used for the rehabilitation of the property. OFFERS WILL BE CONSIDERED AFTER 7 DAYS ON THE MARKET. 24 HOUR NOTICE TO SHOW

Source: SparkMLS

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