MI
Wayne
Detroit City
48238
2463 Ford Street
2463 Ford Street, Detroit City, MI 48238
Share Listing
Listing Type
Multi Family
Listing Status
Active
33
$225,000

Home Details for 2463 Ford Street

Price
$225,000
Type
Residential Income
Bedrooms
5
Bathrooms
2.0
Square feet
2400
Year built
1925
Lot size acres
0.08
County
Wayne
Garage
Basement
Unfinished
Days on site
35
MLS Listing#
20251052226
Property Description

REDUCED! FULLY RENOVATED CASH-FLOW GEM NEAR BOSTON EDISON DISTRICT Located just six minutes from the historic Boston Edison District, this exceptional duplex at 2463 Ford sits nestled on a 3,485 sq. ft. lot in a quiet, stable neighborhood of homeowners. This jewel is an investor’s dream, featuring significant recent capital improvements designed for low-maintenance operation:     •    Exterior: Brand new tear-off 40-year Crown roof, gutters, and trim. Most windows have been upgraded to top-of-the-line, maintenance-free, Low-E appointments.     •    Systems: Brand new furnaces and newly installed hot water tanks, brand new plumbing, and updated electrical systems ensure hassle-free cash flow for years to come.     •    Interiors: Two spacious units (one two-bedroom, one three-bedroom) feature freshly renovated bathrooms, new paint throughout, and newly refurbished or curated hardwood floors. INVESTMENT HIGHLIGHTS: This property offers reliable monthly income of over $2,500. Tenants are responsible for all utilities except water, allowing this investment to generate a robust return on investment of just under 20 percent. Taxes have been successfully reduced to approximately $200 per month. This diamond is ready to be wrapped around a lucky owner's finger soon! Note: No showings without an accepted full-list offer. LET'S CLOSE

Property Features
  • Heating Information
    • Natural Gas
    • Wall Furnace
  • Utilities
    • Sewer Available
    • Water Available
  • Cooling Information
    • None
  • Basement
    • Unfinished
Listing Courtesy: Realtyflo Inc - 313-466-7253
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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