310 HENDRIE Street
Detroit, MI, 48202 $ 550,000
Baths3.1 Sq 2,914 Monthly Estimate*
$ 3,655
Studio
for $550,000 with 3 full baths, 1 half bath. This 2,914 square foot home was built in 1920 on a lot size of 0.13.
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, currently occupied, boasts three bedrooms and two baths, plus central air, providing comfortable and attractive living space. The lower unit, currently vacant, 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 currently rented to second floor tenants. 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.
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FeaturesGeneralInterior Features DSL Available
Heating Forced Air
Cooling Central A/C
Possession At Close
Exterior Features Patio Porch Exterior Balcony
Water Public Water
Status Active Active
Full Baths 3
Half Baths 1
Bathrooms 4
Year Built 1920
Parking Garage On Street
Subdivision BRUSH SUB BETW FARNSWORTH & HARPER (PLATS) MI
Water Heater Gas
County Wayne
Class MULTIFAMILY
Type Multi-Family
Percent Ownership Private
Municipality Detroit
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions From I-75 N bound exit E Warren go right on Brush St left of Hendrie St subject on left
City Detroit
School District Detroit City School District
Street Name HENDRIE
Financial Terms Cash Conventional FHA VA
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
DOM 53
Postal Code 48202
Price Per Sq Ft Total 188.74
Coming Soon 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
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InteriorBasement Partially Finished
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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ExteriorExterior Brick
Frontage 33
Lot Size Area 0.13
Lot Dimensions 33.00 x 171.00
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices The Loft WarehouseBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,655
- Monthly Property Taxes
- $233
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $223,578
Percent of Sale Price 59%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/30/2024 | $550,000 | -4.35% | Price Down |
4/12/2024 | $575,000 | | Listed Price |