25846 W 7 MILE Road Redford, MI ^$ 265,000

25846 W 7 MILE Road

^$ 265,000

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25846 W 7 MILE Road

Redford, MI, 48240

^$ 265,000

Studio Baths0.0 Sq 3,130

Monthly Estimate*

^$ 1,761

25846 W 7 MILE Road, Redford, MI 48240 - Image 1

25846 W 7 MILE Road, Redford, MI 48240 - Image 2

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25846 W 7 MILE Road, Redford, MI 48240 - Image 8

Studio

Multi-Family Home for sale in Redford, MI

for $265,000. This 3,130 square foot home was built in 1925 on a lot size of 0.2.

6 Streams of income from a single property? Take a good hard look at the potential in this mixed use building. This property boasts 3 apartments, 2 commercial spaces as well as annual Billboard income. Expand your portfolio and your income very quickly with this one of a kind property. Seller financing may be an option with 1/3 down. Contact agent for more information...

Multi-Family Active

Price

^$ 265,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,939

Style

Lot Size

0.2

Year Built

1925

Town/City

Redford

County/Region

Wayne

MLS | Web ID

70382284

Features

General

Interior Features Cable/Internet Avail.

Heating Forced Air Space Heater

Possession At Close

Water Public Water

Status Active Active

Year Built 1925

County Wayne

Class MULTIFAMILY

Type Multi-Family

Municipality Redford Twp

Zoning Commercial

Subdivision MI

Area Redford Twp (82031)

Primary City Redford

Directions North side of 7 Mile just West of Beech Daly

City Redford

Street Name 7 MILE

Financial Terms Cash Conventional Land Contract

Legal Description 06P70 71 LOTS 70 AND 71 CHESTERFIELD SUB T1S R10E L48 P88 WCR

DOM 161

Postal Code 48240

Price Per Sq Ft Total 84.66

Coming Soon 6 Streams of income from a single property? Take a good hard look at the potential in this mixed use building. This property boasts 3 apartments

Exterior

Exterior Vinyl Siding

Frontage 80

Lot Size Area 0.2

Lot Dimensions 40.00 x 100.00

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 5

Fuel Type Natural Gas

* Excluded Features

List By

Roy Hibbs

Listing Agent

Remerica Hometown One

Broker

rhibbs@hometownone.com

Affordability Calculator

$2,006

Per Month

Monthly Principal & Interest: $1,761
Monthly Property Taxes: $245
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Redford, MI

Average List Price ^$226,633

Percent of Sale Price 14%

About Redford, MI

53,512 Population

0% Since 2002

^$0 Median Income

0 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2024	$265,000		Listed Price

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25846 W 7 MILE Road, Redford, MI, 48240 is a Multi-Family Home for sale at $265,000 with 3,130 sqft and a lot size of 0.2. 25846 W 7 MILE Road is a studio with 0.0 baths and was built in 1925. The property's zip code is 48240 which is in Redford, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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25846 W 7 MILE Road

Multi-Family Home for sale in Redford, MI

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