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About This Home
This 12-bedroom, 6-bathroom residential multi family at 1473 Taylor Street in Detroit, MI is listed for $89,900 ($28 per sqft). Built in 1916, the home offers 3,220 sqft of living space on a 0.16 acres lot.
**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space.
The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.
Key Features
- Built in 1916
- 0.16 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$481/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1473 Taylor Street
Detroit, MI 48206
BESSENGER & MOORES SUB
Property Details
Construction
Heating
Questions & Answers
This 12-bedroom, 6-bathroom residential multi family at 1473 Taylor Street is listed at $89,900 ($28/sqft). The estimated monthly payment is $390 based on 20% down at 6.5% interest.
Key features include: Built in 1916, 0.16 acre lot, 3 stories.
This property is listed by Ryan E Kain and can be reached at (313) 277-7777 or r.kainrealtor@gmail.com.