About 506 Westminster Street
3/4 occupied. Nestled in Detroit's North End neighborhood, this fully leased quadplex is the perfect purchase for a savvy investor. Building received gut renovation in 2017. All 3 bed, 1 bath units have new plumbing, electrical, HVAC, Flooring, roofing, etc. Each unit has a dishwasher Washer dryer and storage in basement. Includes 2 gated off street parking. With a gross annual income of $58,080, this property is the perfect purchase for a savvy investor. Less than 10 minute drive to downtown Detroit, and a 5 minute drive to midtown, this investment opportunity is uniquely rare and one to take advantage of. Newly renovated quadplexes in the most desired neighborhoods in Detroit are moving quickly.
Features of 506 Westminster Street
MLS® # | 24020988 |
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Price | $499,000 |
Bathrooms | 0.00 |
Acres | 0.13 |
Year Built | 1910 |
Type | Multi-Family |
Sub-Type | 2 to 4 Units |
Status | Active |
Community Information
Address | 506 Westminster Street |
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Area | Wayne County - 100 |
City | Detroit |
County | Wayne |
State | MI |
Zip Code | 48202 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Heating | Forced Air, Natural Gas |
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Cooling | None |
Fireplace | No |
# of Fireplaces | 1 |
Exterior
Lot Description | Corner Lot |
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Roof | Other |
School Information
District | Detroit |
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Additional Information
Legal | S WESTMINSTER W 50 FT OF E 70 FT 34 HOUGHS L12 P49 PLATS, W C R 3/117 50 X 115 EXCEPT THE N 10 FT TAKEN FOR ALLEY |
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New Construction | No |
Sewer | Public Sewer |
Financial Details
Annual Property Tax | $1,348 |
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Tax ID # | 03002633. |
Taxable Value | 5435.00 |
Listing Details
Agent | Ishma Best |
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Office | Prep Realty |