Active
226 Hendrie Street
Detroit MI, 48202
$499,500
$132.99 per sqft
Active
7 Beds
3.5 Baths
3,756 sqft
Residential
Built in 1905
Incredible development/investment opportunity for a historic home in the Detroit Art Center area without the historic district constraints. 3,700+ Sq Ft of living space that includes 7 bedrooms and 3.5 baths with additional common area/flex rooms on each floor. Renovation is well underway and presents a tremendous opportunity for someone to capitalize on its completion. The space is clean and organized for an immediate jump-start to completing your project and can be lived in while doing so. Numerous development projects in the area, both in progress and completed, contribute to a trajectory of increasing values. The location's proximity to the DIA, WSU, CCS, freeways, mass transit, retail and dining make it superb for rentals. Best of all, this home qualifies for NEZ-R and has already been approved by the City of Detroit and is in the final stages of State issuance of a 15-year tax abatement. The NEZ-R(ehab) certificate will freeze the value of the home prior to the improvements being made for 15 years which translates to extremely low taxes with no homestead requirement. Full documentation to be provided upon offer acceptance. Alley access and rear supports a garage/accessory dwelling unit. Enjoy the photos but come experience the space. If you have a vision, it can be realized here.
20221021774
MLSⓇ ID
July 27, 2022
Listed
April 26, 2024
Updated
Map
226 Hendrie Street
Detroit MI, 48202
Interior Features
Bedrooms
7 Beds
Bathrooms
3.5 Baths
Appliances
Freezer, Washer, Dishwasher, Dryer, Refrigerator
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.16 Acres
Architectual Style
Neoclassical
Roof
Asphalt
School Information
School District
Detroit
Other Property Details
Area Name
Det: Livernois-I75 6-Gd River
Taxes
$3,832
Tax Frequency
Annually
Days on Market
638
Garage
No
Parking
No Garage
View
No
County
Wayne
Pool
No
Buyer Agency Compensation
3.0%
Courtesy of Max Broock, REALTORS®-Detroit
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Data last updated 8:48 PM UTC, 4/26/2024