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12400 Barlow Street
DetroitMI 48205

$229,900
Sale Under Contract
Tools
Brochure
Size
4
Full Baths
2,880 Sq Ft.
interior
0.09 Acres
Exterior
Financial
$229,900
Change Currency
$80
Price Per Sqft
$955
Annual taxes
Listing Details
Multi Family
Property type
1929
Year Built
12230279
Web Id
20240043565
MLS ID
82
Days Posted

Description

12400 Barlow Street,

Detroit, MI 48205

**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! Seller will finance and approve reasonable land contract terms, property trades/1031 exchanges and is open to all reasonable offers and seller concessions. This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!

This is an Pending listing.

Broker Office Phone Number: 833-611-7653

Copyright © 2024Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Price History

datepricevariancetype
7/21/2024$229,900-Contract
6/19/2024$229,900-Listed
Listing By: Century 21 Curran & Oberski via Data Source: Realcomp Limited II 
listing agent: Craig Covert


Located at 12400 Barlow Street, Detroit, Michigan 48205, this Multi Family is for Sale with a price of $229,900 USD. The property was built in 1929, has 4 full baths. This listing has 2,880 Sq.Ft. of interior space on a lot of .09 Acres. See all Homes for Sale in Detroit.
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