700 Alter Road Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48215
Key Details
Property Type Multi-Family
Sub Type Colonial,Duplex
Listing Status Accepting Backup Offers
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $77
Subdivision Windmill Pointe Sub (Also P6) (Plats)
MLS Listing ID 20240083889
Style Colonial,Duplex
Bedrooms 2
Full Baths 2
Year Built 1953
Annual Tax Amount $2,164
Lot Size 6,969 Sqft
Property Description
Exciting investment opportunity in the rapidly appreciating Jefferson Chalmers Neighborhood! Outstanding location South of Jefferson sharing a fence line with the City of Grosse Pointe Park and across from the charming canals of Jefferson Chalmers, this all brick duplex boasts large open concept living spaces, 2 large bedrooms with huge closets per unit, large kitchens, well maintained bathrooms, separate- private basements for each tenant with storage & laundry, and driveway with garage for convenient off street parking for tenants. "House Hack" by living in one unit and renting the other! Separate utility meters for each apartment. Market rents of $1,050+ per unit! Super easy to manage and allows for a strong passive income!
Very walkable location steps from coffee, dining, and shopping on Jefferson & Kercheval as well as the highly anticipated $45M+ development of the new Performing Arts Center coming to Jefferson! Neighboring duplex sales as high as $300K+ allowing for an attractive value add opportunity!
Location
State MI
County Wayne
Area Det: Mcclellan East/Mack To Shor
Zoning Multi-Family
Interior
Heating Forced Air
Exterior
Garage Spaces 2.0
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $340
Acceptable Financing Cash,Conventional,FHA,VA,Warranty Deed
Listing Terms Cash,Conventional,FHA,VA,Warranty Deed