$275,000

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414 Horton Street Detroit, MI, United States 48202

Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 3
  • Partial Bathrooms: 0
  • Property Type: Residential Multi Family
  • Architectural Style: Colonial
  • Year Built: 1906
  • Built in 1906
  • Home size: 2,581 ft2 / 239.78 m2
  • MLS: 20240062673
  • Status: Active
Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

@properties Christie’s International Real Estate Detroit

(248) 321-5044

Get more listing details on brokerage site

Presented by Gustaf Andreasen

  • (313) 230-0510
  • (313) 230-0510 (Office Phone)

Contact Gustaf Andreasen

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