REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 175,000
Est. payment | /mo
2 Baths
3,920 Sqft Lot
$ 175,000
Est. payment | /mo
2 Baths
3,920 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251058251
Year Built 1927
Annual Tax Amount $498
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X110
Source Realcomp
Property Description
JUST APPRAISED AT $223K!LOCATED JUST 6 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE YOU WILL FIND CITY CERTIFIED 5856 BARRETT NESTLED ON A 3,833 SQUARE FOOT LOT IN CHANDLER PARK QUIET NEIGHBORHOOD OF HOMEOWNERS. BRAND NEW ROOF TEAR OFF WITH 40 YEAR WARRANTY, THIS CROWN JEWEL DUPLEX CONSISTS OF 2 RECENTLY REMODELED SECTION 8 UNITS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS 2025 FURNACES AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW ELECTRICAL AND PLUMBING AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. BRAND NEW SIDING AND ALUMINUM TRIM PAIRED WITH NEW WINDOWS COMPLETE THE CURB APPEAL TO YOUR ROYAL HIGHNESS. EACH SPACIOUS 3 BEDROOM UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS FROM SAME AGENCY AND THE MONTHLY DIVIDENDS OF $2,700 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction I-94 TO OUTER DR N, EAST ON E WARREN AVE, LEFT ON BAREFIELD ST, RIGHT ON BARRETT ST TO PROPERTY.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I036735S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by KW Domain
GET MORE INFORMATION
Rick Genzink
REALTOR®