MLS # 20261049014 (Realcomp)

Minutes from Detroit Eastern Market, this 1909 brick quadruplex offers four 2-bed / 1-bath units with strong rental upside. The property was appraised around high, and seller is offering it near payoff for a fast as-is sale.The property has received major updates including vinyl windows, renovated kitchens and baths with modern fixtures, luxury vinyl plank flooring, fresh paint, painted trim, and tuck-pointed brickwork. Currently, one tenant is paying $900/month. Remaining tenant/occupancy matters are being addressed through management, formal notices, eviction process, and/or written move-out agreements. Current rent roll and lease information available upon request. Property sold strictly as is. Seller is motivated and will prioritize the strongest fast close cash or hard money offer. Buyer to verify all information, rents, leases, occupancy, condition, city requirements, appraisal value, projected rental income, and closing costs.
Source: SparkMLS
4-bath home in Lower East Central in Detroit built in 1909.
Currently offered at $279,000.
Property tax estimate: $2,041 per year ($170/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
W ELLERY 14 BLK 5 ZENDERS L14 P4 PLATS, W C R 13/69 78.49 IRREG
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Felton Adams
Upside Investments
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
3801 Ellery Street, Detroit, MI 48207
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Neighborhood
Lower East Central
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Community
Detroit
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County
Wayne County
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