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Buy a multi-family propertyat 8510 PRAIRIE, Detroit, MI 48204

$350,000

$0/mo

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Multifamily

4,870 Sq. Ft.

4,791 Sq. Ft. lot

278 Days on market

60242839 MLS ID

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About 8510 PRAIRIE multi-family property

LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 8510 PRAIRIE NESTLED ON A 4,791 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS NEWER PLUMBING AND ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4,720 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!
LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 8510 PRAIRIE NESTLED ON A 4,791 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS NEWER PLUMBING AND ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4,720 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Property details

Property Access

Paved Street

Basement

Block

Bathrooms

4 full bathrooms

Building

4,870 square feet

4 total units

Built in 1926

Style: 1 Story

Exterior Features

Brick

Foundation

Basement

Water Features

Public Water at Street

Heating

Wood

Floor Furnace

Listing

Originating MLS: RealComp

Sale/rent: For Sale

Location

Area: Detroit (82001)

County: Wayne

Cross street: 8510 Prairie

Subdivision: HARRAHS LIVERNOIS AVE (PLATS)

Lot

Lot size: 45.00 x 104.00

0.11 acres

Property

Multi-Family

Schools

School district: Detroit City School District

Sewer

Public At Street

Taxes

Total amount: $1,564

Unit Five

Bedroom 2 width: 0

Monthly cost

Estimated monthly cost

$2,458/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Sep 1, 2023

Price

$354,000

Date

Nov 14, 2022

Price

$72,500

Date

Jan 30, 2012

Price

$65,250

DatePrice
Sep 1, 2023$354,000
Nov 14, 2022$72,500
Jan 30, 2012$65,250

Schools

This home is within the Detroit Public Schools Community District.

Detroit & Dearborn enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$329,000

+$10,500

$339,500

Seller agent commission$10,500 (3%)*

$0 (0%)

Buyer agent commission$10,500 (3%)*

$10,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $10,500 more selling your home
with an Unreal Estate agent

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State

  • Land for sale in Michigan
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Counties

Cities

Unreal Estate checked: May 6, 2024 at 2:17 p.m.

Data updated: Aug 3, 2023 at 10:59 a.m.

Courtesy of 1st Michigan Real Estate.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Listing Information © 2024 MiRealSource Inc. All Rights Reserved.

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