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426 King St, Detroit, MI 48202
0 Beds
3 Baths
6,480 sqft

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Great Investment opportunity in Detroits up and coming North End. Perfect cash flow opportunity to rent both units or occupy one & rent out the other. Located conveniently near both Woodward Ave and 75. You can be downtown in less than 10 min by car or catch the Grand Blvd QLine stop just a little over a mile from this multi-family home. This is a huge 3 story duplex with over 6,000 sq ft! Both units have been completely remodeled with a modern look, fresh paint & new carpeting. Unit 428 is open for showings with an asking rent of $900/mo. Unit 426 is currently occupied in a long term lease in place until December 2020 at $950/mo. Please don't disturb the tenants. Tenants pay all utilities. Once an accepted offer is in place, this unit will be available for viewing during the inspection period. Each unit is metered separately for utilities. 162 restaurants, Campus Martius Park, Detroit Dog Park and Detroit Golf Club are within 5 miles of this great property!
  • Price:
  • $125,000
  • Full Baths:
  • 3
  • Square Footage:
  • 6,480
  • Acreage:
  • 0.12
  • Year Built:
  • 1905
  • Listing ID #:
  • 219018576
  • Street Address:
  • 426 King St
  • City:
  • Detroit
  • State:
  • Michigan
  • Postal Code:
  • 48202
  • County:
  • Wayne
  • Subdivision:
  • Beamer & Fraers Sub (plats)
  • Listing Status:
  • Active
  • Basement Type:
  • Partially Finished
  • Exterior Features:
  • Private Entry
  • Foundation:
  • Basement
  • Foundation Material:
  • Brick
  • Has Basement:
  • 1
  • Interior Features:
  • Cable Available
  • Number Of 3 Bedroom Units:
  • 2
  • Number Of Units:
  • 2
  • Siding:
  • Brick, Vinyl
  • Square Footage Source:
  • Prd
  • Stories:
  • 3 Story
  • Total Building Square Footage:
  • 6480
  • Year Built:
  • 1905
  • Net Operating Income:
  • 11400.00
  • Conforms To Zoning:
  • Multi-Family
  • Road Frontage:
  • 46
  • Road Frontage Type:
  • Paved
  • Days On Market:
  • 70
  • Financing Options:
  • Cash, Conventional
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 2005.0000
  • Winter Tax:
  • 50.0000
  • Existing Water:
  • Municipal Water
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Sewer-Sanitary
  • Water Heater:
  • Natural Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • IDX provided courtesy of Realcomp II Ltd. Kw Metro
  • IDX provided courtesy of Realcomp II Ltd., via The Delia Group and Realcomp II Ltd, ©2019 Realcomp II Ltd. Shareholders FARMHILL

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