MLS # 20261020095 (Realcomp)

LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 4234 WEST DAVISON NESTLED ON A 7,841 SQUARE FOOT LOT IN THE QUIET “OAKMAN BOULEVARD” NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOASTS 10 ONE BEDROOM APARTMENTS. SHE HAS BEEN CAREFULLY UPGRADED FROM THE BRAND NEW ROOF TEAR OFF DOWN TO EVERY INCH OF ELECTRICAL IN EACH UNIT. IN ADDITION, THIS BEAUTY HAS AN ENTIRE NEW HEATING SYSTEM AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. EVERY UNIT HAS BEEN RECENTLY RENTED TO SECTION 8 TENANTS, MOST ON A 2 YEAR LEASE. THE MONTHLY DIVIDENDS ARE JUST UNDER 10K AT $9,976 AND ARE PAID BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $1,000 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER’S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Source: SparkMLS
This 10-bath home built in 1954 sits in Winterhalter in Detroit.
Closed at $525,000.
Estimated annual property tax: $9,255, or about $771 monthly. 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
N DAVISON 633&632 EXC DAVISON AVE AS WD ROBT OAKMANS LIVERNOIS & FORD HWY SUB L36 P2 PLATS, W C R 14/197 70 X 109.66A
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Lauryn Johnson
KW Domain
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
4234 W Davison, Detroit, MI 48238
View full property history →
Neighborhood
Winterhalter
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
We'll notify you when something hits the market in Winterhalter or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.