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$ 169,900
Est. payment /mo
Active
14002, 14004 Coyle Street Detroit, MI 48227
2 Baths
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251030399
Year Built 1927
Annual Tax Amount $4,562
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 37 x 112
Source Realcomp
Property Description
REDUCED! LOCATED JUST 5 MINUTES FROM THE INFAMOUS, HISTORIC ROSEDALE PARK YOU WILL FIND 14002 COYLE NESTLED ON A HUGE 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST A BRAND NEW 40 YEAR TEAR OFF ROOF PROTECTING TWO 3 BEDROOM UNITS. EVERY WINDOW IN THIS COMPOUND HADS BEEN REPLACED WITH VINYL CLAD INSULATED WINDOWS. SHE ALSO HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS GEM SHOWCASES ALL NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1350 AND $1155 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT FOR A WHOPPING TOTAL OF $2505. THESE TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction SE on Grand River Ave, S on Greenfield Rd, E on Schoolcraft St, N on Coyle Ave, Home is on the Right
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I044864S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Brookstone, Realtors LLC
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