240 W GOLDEN GATE

gallery view

map view

240 W GOLDEN GATE

Detroit, Michigan 48203

2 baths | 2,700 sqft | MLS# 20230052767

Sold

request more info

send to a friend

print this page

For more information on this property, please contact:

Anwar Jennings

313-283-1873 313-283-1873 Send email

DESCRIPTION

LOCATED 5 MINUTES FROM THE INFAMOUS PALMER PARK HISTORIC DISTRICT, YOU WILL FIND 240 WEST GOLDEN GATE NESTLED ON A 6,534 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS TRIPLEX CONSISTS OF 3 RECENTLY REMODELED SECTION 8 UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND MAINTENANCE FREE FLOORING. THE UNITS ARE ALL LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE $3255 PAID BY SECTION 8. THE TENANTS PAY ALL UTILITIES WITH CENTRAL HEAT, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $250 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

FACTS

Full Baths: 2 Half Baths: 1 Style: Triplex School District: Detroit County: Wayne Status: Sold Listing Type: Multifamily Stories: 2 Story Heating: Hot Water

FEATURES

Garage: Yes Sewer: Sewer at Street Exterior: Brick Directions: Golden Gate & Charleston

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor City Center Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.