240 W GOLDEN GATE

Highland Park, MI, 48203

$185,000

$68 per ft²
$185,000
$68 per ft²
Pending
Pending
 - For Sale
baths
2.1 Baths
carpenters-square
2,700 ft²
property_type
Multi-family
MULTIPLE OFFER SITUATION! HIGHEST AND BEST DUE BY MONDAY AT 5PM! 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.
MLS® ID:
20230008134
Listed:
2/2/23
Updated:
3/28/23
@properties Christie's International Real Estate
Austin Black II

Interior Features

Total Bedrooms
0
Full Bathrooms
2
Half Bathrooms
1
Heating
Hot Water

Exterior/Building Features

Lot Size
6,534 ft² lot
Architectural Style
Triplex
Sewer
Sewer at Street

School Information

School District
Detroit

Other Property Details

Area Name
Det 6-8 Grfld-Dequindre
Taxes
$2499.0000
Tax Frequency
per YEAR
Garage
Yes
Parking
Y
View
N
County
Wayne
Water Source
Water at Street
Pool
No
Zoning
Multi-Family
Buyer Agency Compensation
3%

Property History

Date
Event
Price
Value
2/19/23
Price Change
$189,900
-5%
2/21/23
Pending
-
-
2/28/23
Price Change
$185,000
-2%
2/28/23
Active
-
-
3/4/23
Pending
-
-

 

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Originating MLS: MI - Realcomp II LTD. (REALCOMP)
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Data last updated 9:01 AM UTC, 3/28/23

@properties Christie's International Real Estate
Austin Black II
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