14800 E Vernor Detroit, MI $ 595,000
14800 E Vernor
$ 595,000
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14800 E Vernor

Detroit, MI, 48215
$ 595,000
Bedrooms7 Baths9.0 Sq 5,600

Monthly Estimate*

$ 3,955

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Multi-Family Home for sale in Detroit, MI

for $595,000 with 7 bedrooms and 9 full baths. This 5,600 square foot home was built in 1925 on a lot size of 0.07.

Incredibly well located Pre War Brick Multifamily adjacent to Grosse Pointe Park. Aside from being in the direct path of rapid development, this building has the benefits of being WALKABLE to downtown Grosse Pointe Park areas for shopping, dining and services but without the hefty taxes. It is also close to bus stops and bike lanes for access to new retail development on Jefferson and Mack. 6 fully updated units with appliances. Five occupied with section 8 and private one year leases. 2022-2023 updates include 68 replacement windows , 75 Gallon hot water heater, exterior improvements, glass block basement windows, 2 sets of card operated laundry machines, actively serviced & maintained sewer and water lines, individual meters and professionally managed. Take advantage of this land contract opportunity to add large potential to your growing portfolio. The hard work is done, own 9 doors under one roof with the chance to place your own new tenants, and pick up the recent capital improvements with your own basic maintenance program. Smart investors don't wait to buy multifamily buildings, they buy multifamily and wait. Adjacent parcel(s) DLBA BATVAI

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Multi-Family Active

Price

$ 595,000

Bedrooms

7

Full Bath

9

Property Type

Multi-Family

Taxes

$ 10,824

Style

Common Entry Building,,Upper/Lower Apartment

Lot Size

0.07

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240029767

Features
General
Interior Features Smoke Alarm Carbon Monoxide Alarm(s) Egress Window(s) ENERGY STAR® Qualified Window(s) Other High Spd Internet Avail Laundry Facility Programmable Thermostat
Sewer Sewer at Street
Heating Hot Water Radiant Steam
Rent Includes Heat
Possession At Close
Pets Allowed Call
Zoning Multi-Family
Pool Y/N 0
Full Baths 9
Half Baths 0
Year Built 1925
Property Type Multifamily
Subdivision Name C B SHERRARD SUB (PLATS)
Transaction Type Sale
Basement Type Partially Finished
Status Active
Short Sale No
Parking Total 0
Construction Materials Block/Concrete/Masonry Brick Stone
Cumulative Days on Market 25
MLS Area Det: Mcclellan East/Mack To Shor
Directions East Vernor west of Alter and north of Kercheval
City Detroit
Terms Offered Cash Contract Conventional FHA VA
School District Detroit
Land Contract 1
Ownership Status Short Sale - No Private Owned
Street Name VERNOR
Homestead 0
Assessment 100.00
Total Sq Ft 5600
DOM 25
Taxes 10824.0000
Legal Description E ASHLAND 397 C B SHERRARD SUB L32 P58 PLATS W C R 21/407 31.65 X 100
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Interior
Heating Fuel Natural Gas
Basement Y/N 1
Total Units 9
Fireplace 0
Total Baths 9.00
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Exterior
Waterfront 0
Lot Size Area 0.07
Water Source Water at Street
Foundation Basement
Lot Size Dimensions 32.00 x 100.00
Architecture Level 3 Story
Architecture Style Common Entry Building Other Upper/Lower Apartment
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Heather Dell

Listing Agent

Re/Max Leading Edge

Broker

(248) 464-1116

Phone

Affordability Calculator

$4,857
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,955
Monthly Property Taxes
$902
Monthly 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
THE TIME TO SELL IS NOW!
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2024$595,000 Listed Price

Map


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14800 E Vernor, Detroit, MI, 48215 is a Multi-Family Home for sale at $595,000 with 5,600 sqft and a lot size of 0.07. 14800 E Vernor has 7 bedrooms, 9.0 baths, and was built in 1925. The property's zip code is 48215 which is in Detroit, MI