700 Alter Road Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48215
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240083889
Originating Board Realcomp
Year Built 1953
Annual Tax Amount $2,164
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50.00 x 135.00
Property Description
Exciting investment opportunity in the rapidly appreciating Jefferson Chalmers Neighborhood! Outstanding location South of Jefferson sharing a fence line with the City of Grosse Pointe Park and across from the charming canals of Jefferson Chalmers, this all brick duplex boasts large open concept living spaces, 2 large bedrooms with huge closets per unit, large kitchens, well maintained bathrooms, separate- private basements for each tenant with storage & laundry, and driveway with garage for convenient off street parking for tenants. "House Hack" by living in one unit and renting the other! Separate utility meters for each apartment. Market rents of $1,050+ per unit! Super easy to manage and allows for a strong passive income! Very walkable location steps from coffee, dining, and shopping on Jefferson & Kercheval as well as the highly anticipated $45M+ development of the new Performing Arts Center coming to Jefferson! Neighboring duplex sales as high as $300K+ allowing for an attractive value add opportunity!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction South of Jefferson
Interior
Heating Forced Air
Exterior
Waterfront No
View Y/N No
Building
Structure Type Brick
Others
Tax ID W21I062680S
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan