MOTIVATED SELLER! MUST SELL ASAP! ATTENTION INVESTORS AND ENTREPRENEURS: ARV $200K. VIDEO TOUR AVAILABLE! New Windows, New electrical, New plumbing and New mechanicals. Bring your vision and finish the project. The next block is fully occupied. This block in under construction! Minutes from Boston/Edison Historical District. This property boasts three… Read More potential units, one unit is framed in basement. Just add egress! This property has a LIVABLE unit! Move in and renovate! Grab this rare opportunity to own a 2(3potential)-unit multi-family property at 3745 Hogarth, Detroit! Stripped to the studs and ready for your vision, with one LIVABLE UNIT - the hard work is already done! Three separate meters make management and tenant billing simple and efficient.Offering an impressive 3,391 total square feet, this property features two main units. The first floor unit is 1,132 sq ft. with 2 bed and 1 bath. The second unit is 3 beds and 2 bath, with the attic as a primary suite, and a potential 1,127 sq ft basement unit framed in the basement. Just add egress! Or, turn the basement into living space for unit #1. Units are generously sized making them highly attractive to quality tenants commanding $1200-$1500 rental rates.Whether you're a seasoned investor or an owner-occupant looking to live in one unit while renting the others, this has a livable unit and is ready for your custom finishes. Move in, renovate at your own pace, and build serious equity in one of Detroit's emerging neighborhoods.The heavy lifting is done - bring your design ideas and turn this diamond in the rough into a cash-flowing asset. Opportunities like this don't last! VIDEO TOUR AVAILABLE! Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Premier, [email protected], (248) 394-0400.
Listing Snapshot
Days Online
103
Last Updated
Property Type
Multifamily
Square Ft.
2,264
Lot Size
0.09 Acres
Year Built
1915
MLS Number
20261032966
30 Days Snapshot Of 48206
$55k
-51%
(avg) sold price
12
-20%
homes sold
93
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 1 two-bedroom unit, 1 three-bedroom unit, Built in 1915, Architectural style: Duplex, Upper/Lower Apartment, Brick, 2,264 total square feet, 2,264 combined square feet, 1,127 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.09, Lot size dimensions: 34X110
Miscellaneous
Gross scheduled income: $43,200, Income projection: Projected, Monthly rental income: $3,600, Net operating income: $43,200
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