4234 W Davison
Detroit, MI 48238

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Description

MULTIPLE OFFER SITUATION! HIGHEST AND BEST DUE BY TUESDAY THE 25th by 5pm. LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 4234 WEST DAVISON NESTLED ON A 7,841 SQUARE FOOT LOT IN THE QUIET “OAKMAN BOULEVARD” NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOASTS 10 ONE BEDROOM APARTMENTS. SHE HAS BEEN CAREFULLY UPGRADED FROM THE BRAND NEW ROOF TEAR OFF DOWN TO EVERY INCH OF ELECTRICAL IN EACH UNIT. IN ADDITION, THIS BEAUTY HAS AN ENTIRE NEW HEATING SYSTEM AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. EVERY UNIT HAS BEEN RECENTLY RENTED TO SECTION 8 TENANTS, MOST ON A 2 YEAR LEASE. THE MONTHLY DIVIDENDS ARE JUST UNDER 10K AT $9,976 AND ARE PAID BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $1,000 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active Backup
• County/Area: Wayne County
• Zip Code: 48238
• Year Built: 1954
• School District: Detroit
• Basement: Yes
• Lot Size: 7841 sq ft lot
• Construction Materials: Brick
• Directions: W on Davison, N on Livernois, E on Pasadena, S on Davison, Home is on the Right
• Gross Income: 113784
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 0.18
• Lot Size Square Feet: 7840.8
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Parcel Number: W14I005470C1
• SEV: 152700
• Street Type: Paved
• Tax Annual Amount: 13708
• Tax Legal Description: N DAVISON 633&632 EXC DAVISON AVE AS WD ROBT OAKMANS LIVERNOIS & FORD HWY SUB L36 P2 PLATS, W C R 14/197 70 X 109.66A
• Total Approx Sq Ft All Bldgs: 7676
• Total Num Units: 10
• Water Source: Public