MI > Wayne > Detroit > 17129 Westphalia Street

Sold

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Detroit, MI Learn More About Detroit

48205 Market info

$255,000

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  • MLS# 20240005076
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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
MULTIPLE OFFER SITUATION. HIGHEST AND BEST FRIDAY AT 5PM. Located 8 minutes from the infamous East English Village District, you will find 17129 Westphalia nestled on a 5,357 square foot lot in a quiet neighborhood of homeowners. This crown jewel boasts a brand new roof to ensure repeat dividends for many years to come. Your apartment complex consists of 5 recently remodeled 1 bed room 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 brand new carpet with top of the line underlayment. 3 of the 5 units are leased to section 8 tenants and the monthly dividends are $3,010 all paid by section 8. Once the other 2 units are leased the total monthly section 8 dividends will be $5300. The tenants pay all utilities, which allows this complex to maintain a near 29% cash on cash return. Property taxes have been reduced to roughly $100 per month. This Diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.

Property Information

Status
Sold 
Address
17129 Westphalia Street 
City
Detroit 
Zip
48205 
Year Built
1928 
Subdivision
Gitre Park 
Listing Date
01/26/2024 
Architecture
2 Story 
County
Wayne 
Above Grade SqFt
2,880 
Possession
At Close 
Price/SqFt
86.81 

School Information

School District
Detroit 

Taxes

Summer Taxes
$758 
Winter Taxes
$60 

Features

Total No. of Units
5 
Zoning
Multi-Family 
Water
Water at Street 
Sub Property Type
Commercial 
Heating
Hot Water, Natural Gas 

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  • Property History
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Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20240005075 Sold Active Apr 10 2024 12:37PM $255,000 75
20240005075 Active Jan 26 2024 2:14AM $250,000 75
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of 1st Michigan Real Estate

Office Address 125 Arcola

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Our Michigan real estate agents can answer all of your questions about 17129 Westphalia Street, Detroit MI 48205. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Detroit, Michigan real estate market. To sell or buy a home in Detroit, Michigan, contact our real estate agents as we know the Detroit, Michigan real estate market better than anyone with over 100 years of experience in Detroit, Michigan real estate for sale.

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17129 Westphalia Street Detroit
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$250,000
Sold • Acres: 0.12 • Zoning: Multi-Family