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Key Details
Sold Price $299,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20240054762
Sold Date 09/25/24
Originating Board Realcomp
Year Built 1925
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 43.00 x 119.00
Property Description
WELCOME TO 2296 W BUENA VISTA, DETROIT, MI – AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF THE CITY! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 GENEROUS SIZED BEDROOMS AND 1 BATHROOM IN EACH UNIT. IMAGINE THE POTENTIAL FOR PASSIVE INCOME WITH2 UNITS CURRENTLY RENTED FOR $1150 EACH/ $2300 TOTAL PER MONTH. ESTIMATED $4600+ PER MONTH ONCE AT 100% OCCUPANCY. THIS PROPERTY IS A SAVVY INVESTOR'S DREAM, PROVIDING AN EXCELLENT RETURN ON INVESTMENT. THIS MULTIFAMILY GEM IS NOT JUST ABOUT NUMBERS; IT'S ABOUT LIFESTYLE TOO. THE STRATEGIC LOCATION PUTS YOU JUST 7 MINUTES AWAY FROM DOWNTOWN DETROIT, MAKING IT AN IDEAL CHOICE FOR THOSE WHO VALUE CONVENIENCE AND ACCESSIBILITY. SITUATED RIGHT OFF THE FREEWAY, COMMUTING BECOMES A BREEZE, OFFERING EASY ACCESS TO ALL THAT THE CITY HAS TO OFFER. ONE OF THE UNIQUE FEATURES OF THIS PROPERTY IS ITS SUITABILITY FOR HOUSE HACKING. LIVE IN ONE UNIT AND LET THE OTHER THREE UNITS CONTRIBUTE TO YOUR MORTGAGE OR PROVIDE A STEADY STREAM OF RENTAL INCOME. IT'S A SMART WAY TO MAKE YOUR HOUSING EXPENSES WORK FOR YOU. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS. UPGRADES INCLUDE NEW ROOF, WINDOWS, PLUMBING, DRYWALL, HEATING, DUCT WORK, AS WELL AS ELECTRICAL IMPROVEMENTS. THE INTERIOR BOASTS BEAUTIFUL FINISHES. DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY TO INVEST IN A TURNKEY PROPERTY THAT COMBINES MODERN AMENITIES WITH A PRIME LOCATION. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, 2296 W BUENA VISTA IS A MUST-SEE. SCHEDULE YOUR VIEWING TODAY AND MAKE YOUR MARK ON THE DETROIT REAL ESTATE SCENE!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Buena Vista & 14th Street
Interior
Heating Hot Water, Wall Furnace
Exterior
Waterfront No
View Y/N No
Building
Structure Type Brick
Others
Tax ID W08I004324S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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United Country Midwest Lifestyle Properties
michigancrm@midwestlifestyleproperties.com +1(888) 819-6344Our team is ready to help you sell your home for the highest possible price ASAP