Detroit, MI 48224,3480 BUCKINGHAM Avenue
$46,000
$50,000
8.0%
Est.Price: ?

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2 BD
2 BA
1,740 SqFt

3480 BUCKINGHAM Avenue Detroit, MI 48224

Est. payment /mo
SOLD DATE : 11/07/2022

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Key Details

Sold Price $46,000

Property Type Multi-Family

Sub Type Upper/Lower Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 1,740 sqft

Price per Sqft $26

Subdivision East Detroit Development Cos No 1 (Plats)

MLS Listing ID 20221049635

Sold Date 11/07/22

Style Upper/Lower Apartment

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1927

Annual Tax Amount $1,354

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40.00 x 114.00

Property Description

GREAT INVESTMENT OPPORTUNITY IN MORNINGSIDE! Located on the first block off Mack, seconds away from Grosse Pointe. This duplex (upper/lower) multi-family home is currently set up as two 2-bed, 1-bath units with their own kitchen, but can be easily converted back to single family home as it was originally constructed. Balcony off bedroom on second floor. This property would work well for an investor looking for a value-add opportunity to flip OR rent out. Estimated long-term rental income of $900/unit ($1,800/month). Short term rental for Air B&B is possible due to it's desirable location! For investors interested in flipping: after repair value (ARV) of $200K+ if converted to single family, or $130K+ if kept as a duplex. Updates include roof, vinyl windows, and driveway/parking pad. Great location near Grosse Pointe, Belle Isle, I-94, hospitals, restaurants & shopping. So much potential for a visionary to turn this diamond in the rough into a cash cow!

Location

State MI

County Wayne

Area Det Con-Mors/Grat. Hstn/7 Mack

Zoning Residential

Direction N Mack W Outer Dr

Rooms

Basement Unfinished

Interior

Interior Features 100 Amp Service, Cable Available, Circuit Breakers

Heating Hot Water

Fireplace no

Heat Source Natural Gas

Exterior

Exterior Feature Awning/Overhang(s), Fenced

Garage Spaces 3.0

Roof Type Asphalt

Porch Balcony, Porch

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Upper/Lower Apartment

Level or Stories 2 Story

Structure Type Brick,Vinyl

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W21I069623S

Ownership Broker/Agent Owned,Short Sale - No

Acceptable Financing Cash, Conventional, Warranty Deed

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

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Realcomp MLS
Listed by Lyndsey Sass of RE/MAX Leading Edge
Bought with RE/MAX Leading Edge

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Todd Fedie

Team Leader and Realtor | License ID: 398299

+1(517) 304-3706

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