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  • Overview

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Buy a multi-family propertyat 240 W GOLDEN GATE, Highland Park, MI 48203

$179,900

$190,000 (-5.32%)

$0/mo

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Multifamily

2,700 Sq. Ft.

6,534 Sq. Ft. lot

455 Days on market

60233117 MLS ID

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About 240 W GOLDEN GATE multi-family property

Located 5 minutes from the infamous Palmer Park historic district, you will find 240 West Golden Gate nestled on a 6,534 square foot lot in a quiet neighborhood of homeowners. This triplex consists of 3 recently remodeled section 8 units. Each unit has been upgraded and has entirely brand new electrical and plumbing to insure maintenance free cash flow. Furthermore the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint and maintenance free flooring. The units are all leased to section 8 tenants and the monthly dividends are $3255 paid by section 8. The tenants pay all utilities with central heat, which allows this complex to maintain a near 20% cash on cash return. Property taxes have been reduced to roughly $250 per month. This Diamond will be in a lucky owner's fingertips soon! No showings without accepted full list offer.
Located 5 minutes from the infamous Palmer Park historic district, you will find 240 West Golden Gate nestled on a 6,534 square foot lot in a quiet neighborhood of homeowners. This triplex consists of 3 recently remodeled section 8 units. Each unit has been upgraded and has entirely brand new electrical and plumbing to insure maintenance free cash flow. Furthermore the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint and maintenance free flooring. The units are all leased to section 8 tenants and the monthly dividends are $3255 paid by section 8. The tenants pay all utilities with central heat, which allows this complex to maintain a near 20% cash on cash return. Property taxes have been reduced to roughly $250 per month. This Diamond will be in a lucky owner's fingertips soon! No showings without accepted full list offer.

Property details

Property Access

Paved Street

Basement

Block

Bathrooms

2 full bathrooms

Building

2,700 square feet

3 total units

Built in 1928

Style: 2 Story

Exterior Features

Brick

Foundation

Basement

Water Features

Public Water at Street

Heating

Natural Gas

Hot Water

Listing

Originating MLS: RealComp

Sale/rent: For Sale

Location

Area: Detroit (82001)

County: Wayne

Cross street: Golden Gate & Charleston

Subdivision: JAMES E O'FLAHERTYS LOG CABIN

Lot

Lot size: 60.00 x 111.00

0.15 acres

Property

Multi-Family

Schools

School district: Detroit City School District

Sewer

Public At Street

Taxes

Total amount: $2,589

Unit Five

Bedroom 2 width: 0

Monthly cost

Estimated monthly cost

$1,263/mo

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

Sale and tax history

Sales history

Date

Sep 7, 2023

Price

$160,000

Date

Dec 14, 2021

Price

$5,500

Date

Jun 17, 2021

Price

$25,000

Date

Jan 22, 2010

Price

$9,000

DatePrice
Sep 7, 2023$160,000
Dec 14, 2021$5,500
Jun 17, 2021$25,000
Jan 22, 2010$9,000

Schools

This home is within the Detroit Public Schools Community District.

Detroit & Highland Park & Hamtramck 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$169,106

+$5,397

$174,503

Seller agent commission$5,397 (3%)*

$0 (0%)

Buyer agent commission$5,397 (3%)*

$5,397 (3%)*

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

Get $5,397 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: May 2, 2024 at 5:32 p.m.

Data updated: Jul 30, 2023 at 8:57 p.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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