MI > Detroit > Standishs (Plats)
Detroit, MI 48211,7406 Oakland St
Detroit, MI 48211,7406 Oakland St
Detroit, MI 48211,7406 Oakland St
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$293,000
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3 BD
4 BA
2,262 SqFt
Active

7406 Oakland St Detroit, MI 48211

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Matt Demorest

Matt Demorest

+1(734) 882-8194

UPDATED:

10/26/2024 10:00 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,262 sqft

Price per Sqft $129

Subdivision Standishs (Plats)

MLS Listing ID 20240081013

Style Quadruplex

Bedrooms 3

Full Baths 4

Originating Board Realcomp II Ltd

Year Built 1910

Annual Tax Amount $1,917

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30.00 x 122.00

Property Description

Excellent Air BnB and cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent. PLEASE NOTE this property has some structural repairs and the property has been priced accordingly. Inspection reports and quotes available upon request. Property is rental certified with the City of Detroit (certificate of compliance).

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family,Residential

Direction From I-75 S, turn right on E Grand Blvd, right on Oakland Ave, subject on right

Rooms

Basement Unfinished

Interior

Interior Features Laundry Facility

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Exterior Feature Lighting, Private Entry

Waterfront no

Roof Type Asphalt

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Quadruplex

Level or Stories 2 Story

Structure Type Aluminum,Brick,Vinyl

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID 05004669

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash, Conventional, Warranty Deed

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by Jan Dijkers of Berkshire Hathaway HomeServices The Loft Warehouse

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Matt Demorest

Broker | License ID: 6502432801

+1(734) 882-8194

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7406 Oakland St