MI > Detroit
Detroit, MI 48238,4234 W Davison
Detroit, MI 48238,4234 W Davison
Detroit, MI 48238,4234 W Davison
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$600,000
Est. payment /mo
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10 Baths
7,840 Sqft Lot
New

4234 W Davison Detroit, MI 48238

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Chris Buckely

Chris Buckely

+1(312) 313-5553

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20251047354

Year Built 1954

Annual Tax Amount $13,708

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 70X109.66

Source Realcomp

Property Description

LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 4234 WEST DAVISON NESTLED ON A 7,841 SQUARE FOOT LOT IN THE QUIET “OAKMAN BOULEVARD” NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOASTS 10 ONE BEDROOM APARTMENTS. SHE HAS BEEN CAREFULLY UPGRADED FROM THE BRAND NEW ROOF TEAR OFF DOWN TO EVERY INCH OF ELECTRICAL IN EACH UNIT. IN ADDITION, THIS BEAUTY HAS AN ENTIRE NEW HEATING SYSTEM AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. EVERY UNIT HAS BEEN RECENTLY RENTED TO SECTION 8 TENANTS, MOST ON A 2 YEAR LEASE. THE MONTHLY DIVIDENDS ARE JUST UNDER 10K AT $9,482 AND ARE PAID BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $500 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Multi-Family

Direction W on Davison, N on Livernois, E on Pasadena, S on Davison, Home is on the Right

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W14I005470C1

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by KW Domain

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Chris Buckely

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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4234 W Davison

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