$175,000
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217 RICHTER ST River Rouge, MI 48218
3 Baths
2,390 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 2,390 sqft
Price per Sqft $62
Subdivision Hoods Sub
MLS Listing ID 20230062205
Sold Date 10/17/23
Style Colonial
Full Baths 3
Year Built 1937
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type MultiFamily
Property Description
Looking for your newest investment! Look no further. This property is perfect for investors looking for a cash flowing property as well as owner occupants looking to house hack. This 3 unit multifamily home has 2 units currently occupied by long term tenants and a 3rd unit vacant that can easily be filled or used as a primary residence. Currently cash flowing $1,600 a month with the potential of $3,117 when occupied by section 8 tenants. There are two units with one bedroom and one bathroom which could be occupied at $952 for section 8 tenants and a final two bedroom unit which could be occupied at $1213 for section 8 tenants. All units are nicely updated including newer floors and updates and very well taken care of by current tenants. Property has been low maintenance for the seller for several years and is ready to be taken over!
Location
State MI
County Wayne
Area Area05144Riverrouge
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features Garage
Pool None
View Y/N No
Garage true
Building
Foundation Basement, Block
Sewer Public Sewer, Sewer At Street
Water Public, WateratStreet
New Construction No
Schools
High Schools River Rouge
School District Riverrouge
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
Read Less
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Bought with EXP Realty LLC






