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  • Overview

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Buy a multi-family propertyat 217 RICHTER, River Rouge, MI 48218

$175,000

$0/mo

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Multifamily

2,390 Sq. Ft.

5,662 Sq. Ft. lot

287 Days on market

60241277 MLS ID

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About 217 RICHTER multi-family property

Looking for your newest investment! Look no further. This property is perfect for investors looking for a cash flowing property as well as owner occupants looking to house hack. This 3 unit multifamily home has 2 units currently occupied by long term tenants and a 3rd unit vacant that can easily be filled or used as a primary residence. Currently cash flowing $1,600 a month with the potential of $3,117 when occupied by section 8 tenants. There are two units with one bedroom and one bathroom which could be occupied at $952 for section 8 tenants and a final two bedroom unit which could be occupied at $1213 for section 8 tenants. All units are nicely updated including newer floors and updates and very well taken care of by current tenants. Property has been low maintenance for the seller for several years and is ready to be taken over!
Looking for your newest investment! Look no further. This property is perfect for investors looking for a cash flowing property as well as owner occupants looking to house hack. This 3 unit multifamily home has 2 units currently occupied by long term tenants and a 3rd unit vacant that can easily be filled or used as a primary residence. Currently cash flowing $1,600 a month with the potential of $3,117 when occupied by section 8 tenants. There are two units with one bedroom and one bathroom which could be occupied at $952 for section 8 tenants and a final two bedroom unit which could be occupied at $1213 for section 8 tenants. All units are nicely updated including newer floors and updates and very well taken care of by current tenants. Property has been low maintenance for the seller for several years and is ready to be taken over!

Property details

Property Access

Paved Street

Basement

Block

Bathrooms

3 full bathrooms

Building

2,390 square feet

3 total units

Built in 1937

Style: 2 Story

Colonial

Exterior Features

Aluminum

Foundation

Basement

Water Features

Public Water

Public Water at Street

Heating

Natural Gas

Forced Air

Listing

Originating MLS: RealComp

Sale/rent: For Sale

Location

Area: River Rouge (82144)

County: Wayne

Cross street: Marion/Coolidge

Subdivision: HOODS SUB

Lot

Lot size: 55.00 x 100.00

0.13 acres

Parking

Garage

Property

Multi-Family

Schools

School district: River Rouge School District

Sewer

Public At Street

Public Sanitary

Taxes

Total amount: $2,292

Unit Five

Bedroom 2 width: 55

Monthly cost

Estimated monthly cost

$1,229/mo

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

Sale and tax history

Sales history

Date

Oct 26, 2023

Price

$235,000

Date

Oct 29, 2018

Price

$6,929

DatePrice
Oct 26, 2023$235,000
Oct 29, 2018$6,929

Schools

Detroit & Ecorse 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$164,500

+$5,250

$169,750

Seller agent commission$5,250 (3%)*

$0 (0%)

Buyer agent commission$5,250 (3%)*

$5,250 (3%)*

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

Get $5,250 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: May 10, 2024 at 1:08 p.m.

Data updated: Jul 28, 2023 at 11:58 a.m.

Courtesy of EXP Realty LLC.
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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