Detroit, MI 48205 12400 Barlow Street

Pending
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Presented By: Century 21 Curran & Oberski - (313) 274-7200
  • MLS# 20240043565
  • 06/19/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 4
  • Baths • 4
  • SQFT • 2,880

Home Details

**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!
Presented By: Century 21 Curran & Oberski - (313) 274-7200

Interior Features for 12400 Barlow Street

Bathrooms

Total Baths4.00

Other Interior Features

Unit Count4
Lock Box TypeAppointment
Basement Y/NYes
FireplaceNo
Heating FuelNatural Gas
Total Units4

General for 12400 Barlow Street

Basement TypeUnfinished
CityDetroit
Construction MaterialsBrick
Cumulative Days on Market9
DOM9
Deposit Amount40000.00
DirectionsSouth of 6 Mile, East of Hoover
Down Payment ResourceYes
Full Baths4
Gross Scheduled Income31200.00
Half Baths
HeatingForced Air
HomesteadNo
Land ContractYes
Legal DescriptionE BARLOW AVE 20 BLK D GRATIOT HIGHLANDS SUB L29 P64 PLATS, W C R 21/446 40 X 100.90
MLS AreaDet 8 To Gratiot/Houston To 7
Net Operating Income28200.00
OccupantNameCraig Covert
Operating Expense3000.00
Ownership StatusShort Sale - No, Private Owned
Pets AllowedNo
Pool Y/NNo
PossessionAt Close
Property TypeMultifamily
School DistrictAirport
SewerPublic Sewer (Sewer-Sanitary)
Short SaleNo
StatusPending
Subdivision NameGRATIOT HIGHLANDS SUB (PLATS)
Taxes$955
Terms OfferedCash, Contract, Conv. Blend Rt, Conventional, Covenant Deed, FHA, Owner May Carry(Purchase Money Mortgage), Quit Claims Deed, Trade/Exchange, Warranty Deed
Total Sq Ft2880
Transaction TypeSale
Year Built1929
Year Remodeled1929
ZoningMulti-Family

Exterior for 12400 Barlow Street

Architecture Level2 Story
Architecture StyleColonial
Foundation Basement
Foundation MaterialsBlock
Frontage Feet40
Lot Size Area0.09
Lot Size Dimensions40 x 101
Road Frontage TypePaved
Water SourcePublic (Municipal)
WaterfrontNo

Additional Details

Price History

Worth Clark

Price $229,900
MLS#20240043565
List Date 06/19/2024
Property Type Pending
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