310 Hendrie Street
Detroit, MI 48202

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Description

This multifamily property, in the Art Center neighborhood of Midtown, is a prime investment opportunity for the savvy house hacker or investor. The home features two spacious units, offering an incredible income potential, plus value add opportunity upgrading the massive attic to a third floor apartment. Those wanting to occupy one of the flats as their primary residence can cut their housing payment in half with the incoming rent. New lending guidelines require only 5% down! Each unit comes complete with a suite of modern appliances, including a refrigerator, range, dishwasher, microwave, washer, and dryer. The upper unit boasts four bedrooms and two baths, plus central air, providing comfortable and attractive living space. The lower unit has three bedrooms and one bath, plus a private basement, rec room with 1/2 bath. Shared yard and laundry room. Large two car garage. Situated in a strategic location, this property is just moments away from Wayne State University, two major medical system complexes, three freeways, and a short walk to bustling Woodward Avenue, city bus and Q-Line light rail. With its outstanding rental history, central location, and strong potential for appreciation, this investment opportunity is not to be missed for those looking to capitalize on Detroit's dynamic real estate market.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48202
• Year Built: 1920
• School District: Detroit
• Basement: Yes
• Lot Size: 5663 sq ft lot
• Association: Yes
• Association Amenities: Pets Allowed
• Construction Materials: Brick
• Cooling: Central Air
• Directions: From I-75 N bound, exit E Warren, go right on Brush St, left of Hendrie St, subject on left
• Extras: Laundry Facility
• Gross Income: 50400
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 0.13
• Lot Size Square Feet: 5662.8
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Parcel Number: W01I001579S
• Road Frontage: 33
• SEV: 61700
• Street Type: Paved
• Tax Annual Amount: 2797
• Tax Legal Description: S HENDRIE W 33 FT OF E 34 FT 3 BLK 29 BRUSHS SUB L17 P28 PLATS, W C R 1/79 33 X 171.10
• Total Approx Sq Ft All Bldgs: 2914
• Total Num Units: 2
• Water Source: Public