LONG TERM TENANT PAYING $700/MONTH
$26,000 CASH WITH QUICK CLOSE
203 Philip St (@Scripps) Detroit, MI 48215. Nearest major intersection E. Jefferson and Alter Road.
Two-family flat. Each unit has 2 bedrooms, 1 bath, kitchen with appliances, living-dining room combination. Unfinished basement has laundry area and independently accessible to each unit. Boiler heat, two utility meters, Corner house on treed lot, lower unit has front entrance and upper unit has side entrance. Off-street parking. Roof is less than 10 years old. Current electrical and plumbing overhaul. Dry basement. This property did not take on water during the 8/2014 flood. Excellent investment that needs a little more external tender loving care (i.e., Some windows need replacement/ repair. Stock of windows needed are on-site; House could use a paint job; optional removal of additional trees on lot; Clean-out or replace some gutters and drains to be directed from the house).
Jefferson-Chalmers is one of the lowest crime rate communities in Detroit proper. This market will bear $700 - $900 per month with or without utilities included. Philip @ Scripps is nestled within a boaters community (all homes on Scripps are canal properties with some boat wells to rent), within walking distance of Detroit riverfront parks. City bus-stop at corner. Easy access to I94 via Alter Road. VERY QUIET neighborhood. Tenanted, leases to terminate in 2/2015. Suggest new tenant search.
Asking price $35K | OBO. Cash sale.
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