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    661 W Forest Avenue

    Detroit, MI 48201
    • $990,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 2210041550
    Price Reduced
    UPDATED: 16 min ago
    $990,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 8
      BATHS
    • 2
      1/2 BATHS
    • 6,198
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:
    Zoning:
    Multiple
    Lot Size Dimensions:
    50.00X110.00

    School Ratings & Info

    School District:

    Description

    Value add opportunity in the heart Midtown! Fully occupied 8 unit boasts large units and many long term tenants! Ideal opportunity for a value add investor or a potential condominium conversion. Well managed property is in great condition with little maintenance required. Instant cash flow from day one!

    Monthly Payment Calculator



    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-25T23:56:04.15.
    www.purchasemi.com/homes/117819156
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    661 W Forest Avenue Detroit, MI 48201

    • Price: $990,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: 2210041550
    0
    Beds
    8
    Baths
    2
    ½ Baths
    0.13
    Acres
    6,198
    SQFT
    $160
    $/SQFT
    1908
    Built
    Neighborhood:
    Butlers Wm A Sub (Plats)
    County:
    Wayne
    Area:
    Det: Livernois-i75 6-gd River
    School District:
    DETROIT
    Property Description
    Value add opportunity in the heart Midtown! Fully occupied 8 unit boasts large units and many long term tenants! Ideal opportunity for a value add investor or a potential condominium conversion. Well managed property is in great condition with little maintenance required. Instant cash flow from day one!
    Exterior Features

    Architecture Level 2 Story Architecture Style BrownstoneTraditional Construction Materials BrickStone Foundation Details Basement Foundation Materials Brick Lot Size Dimensions 50.00X110.00 Multifamily Parking Assigned Spaces Parking Total 6 Pool YN No Road Frontage Type Paved Waterfront YN No

    Interior Features

    Basement Type Finished Basement YN Yes Baths Total 8.20 Heating BaseboardForced AirRadiant Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 8198 Sq Ft Lower Floor 2000 Sq Ft Total Basement 2000 Unit Efficiency Number Of 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 1 Unit Two Bed Number Of 4

    Property Features

    Assessment 0 Encroachment YN No Gross Scheduled Income 100200.00 Income Projection Actual Inventory List YN No Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Rental Income 8350 Net Operating Income 51111.09 Number Of Units Leased 8 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 180 Restrictions YN No Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 27283.0000 Tax Amount Winter 3166.0000 Title Private - Owned Total Tax 30449.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 661 W FOREST AVE Water Source Municipal Water Zoning Multiple

    IDX provided courtesy of Realcomp II Ltd., via Clyde Realty Llc and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-25T23:56:04.15.
     
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    Farmington Hills MI, 48334