12602 Goulburn Street

    Detroit, MI 48205
    • $59,900
    • STATUS: Active
    • ON SITE: 140 days
    • MLS #: 218083912
    UPDATED: 22 min ago
    $59,900
    • 0
      BEDS
    • 0.11
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,696
      SQFT
    • $16
      $/SQFT
    Type:
    Multi-Family
    Built:
    1928
    County:
    Zoning: Multi-Family
    Lot Size Dimensions: 40.00X121.00

    School Ratings & Info

    School District:

    Description

    INVESTOR SPECIAL MAJOR CASH FLOW OPPORTUNITY FOR ONLY $59,900.Property is on the NE corner of Goulburn & Nashville. The address on the building is actually 12805 Nashville. This apartment block has 4 two bedroom apartments each with their own utilities! Each apartment can rent for $550 per month, that is $2,200 per month total or $26,400 total per annum. SELLER FINANCING! This property has some water damage and is sold AS IS, but is available on land contract to allow time and money for repairs. This is one of the best rental opportunities on the market today.LAND CONTRACT TERMS- PRICE $79,900, DOWN PAYMENT 20% ($15,980), INTEREST RATE 8% (EIGHT PERCENT), AMORTIZED FOR 30 YEARS WITH A FIVE YEAR BALLOON PAYMENT / PAYOFF. MONTHLY PAYMENT $461.61 PRINCIPAL AND INTEREST!!! BUYER TO PAY OWN TAXES AND INSURANCE.

    Monthly Payment Calculator

    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-01-19T16:56:47.283.
    www.homesearchannarbor.com/homes/87087582

    12602 Goulburn Street Detroit, MI 48205

    • Price: $59,900
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 218083912
    0
    Beds
    4
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,696
    SQFT
    $16
    $/SQFT
    1928
    Built
    Neighborhood:
    Gratiot Highlands Sub (Plats)
    County:
    Wayne
    Area:
    Det 8 To Gratiot/Houston To 7
    School District:
    DETROIT
    Property Description
    INVESTOR SPECIAL MAJOR CASH FLOW OPPORTUNITY FOR ONLY $59,900.Property is on the NE corner of Goulburn & Nashville. The address on the building is actually 12805 Nashville. This apartment block has 4 two bedroom apartments each with their own utilities! Each apartment can rent for $550 per month, that is $2,200 per month total or $26,400 total per annum. SELLER FINANCING! This property has some water damage and is sold AS IS, but is available on land contract to allow time and money for repairs. This is one of the best rental opportunities on the market today.LAND CONTRACT TERMS- PRICE $79,900, DOWN PAYMENT 20% ($15,980), INTEREST RATE 8% (EIGHT PERCENT), AMORTIZED FOR 30 YEARS WITH A FIVE YEAR BALLOON PAYMENT / PAYOFF. MONTHLY PAYMENT $461.61 PRINCIPAL AND INTEREST!!! BUYER TO PAY OWN TAXES AND INSURANCE.
    Exterior Features

    Architecture Level 2 Story Architecture Style Common Entry Building Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 40.00X121.00 Multifamily Parking On Street Pool YN No Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

    Interior Features

    Basement Type Common Basement YN Yes Baths Total 4.00 Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 3696 Sq Ft Source Prd Sq Ft Total Basement 1000 Unit Efficiency Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 4

    Property Features

    Assessment 0 Deposit Amount 15980.00 Encroachment YN No Exclusions YN No Gross Scheduled Income 26400.00 Income Projection Projected Land Contract YN Yes Land Interest Rate 8 Land Payment 462 Land Terms 60 Listing Financing CashConventionalLand Contract Monthly Rental Income 2200 Net Operating Income 26400.00 Number Of Units Leased 0 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 6 Months Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 877.0000 Tax Amount Winter 204.0000 Title Private - Owned Total Tax 1081.0000 Transaction Type Sale Unparsed Address 12602 GOULBURN ST Water Source Municipal Water Zone Conform YN Yes Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Harvest Homes Realty and Realcomp, ©2019 Realcomp II Ltd. Shareholders.
    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-01-19T16:56:47.283.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104