Detroit, MI 48205,18738-18742 Morang Drive
$125,000
$123,000
1.6%
Est.Price: ?

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2 BD
2 BA
1,680 SqFt

18738-18742 Morang Drive Detroit, MI 48205

Est. payment /mo
SOLD DATE : 12/07/2023

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Key Details

Sold Price $125,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,680 sqft

Price per Sqft $74

Subdivision Dalbys East Pointe (Plats )

MLS Listing ID 20230076911

Sold Date 12/07/23

Style Duplex

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1943

Annual Tax Amount $958

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 52.00 x 195.00

Property Description

**Incredible Investment Opportunity with Over 10% Cap Rate!** Discover the perfect addition to your investment portfolio – a
remarkable townhouse-style duplex offering a fantastic cap rate of over 10%! This exceptional property boasts two thoughtfully
designed two-bedroom units, each with its own private basement and a host of appealing features. **Unit Features:** - Spacious two-bedroom layouts that provide ample room for comfortable living. - Well-appointed kitchen in unit 18738, boasting brand-new cabinets and elegant granite countertops. - Each unit features a full bathroom - Expansive living spaces designed with a focus on both functionality and aesthetics. **Exterior and Maintenance:** - The exterior showcases timeless brick construction that exudes charm and durability. - Freshly painted exterior enhances the property's curb appeal, welcoming residents and visitors alike. - The roof is in excellent condition, providing peace of mind for the new owner. - Enjoy relaxing moments on the covered front porch
**Income Potential and Lease Information:** - Unit 18742 is currently tenanted and generating steady rental income, with a recent lease renewal at $810 per month. - Previous tenant in the other unit was paying $995 per month, showcasing the potential for increased rental income. - These figures underscore the impressive financial prospects of this investment opportunity. **Parking and Location:** - Abundant parking space in the backyard offers convenience and flexibility for residents. - Street parking is readily available, providing additional options for parking needs. **Property Details:** -Blocks away from Ford Resource and engagement center - This property consists of two separate parcel IDs, while connected and sharing a common wall. - Schedule your showing today to seize this promising investment prospect and add it to your real estate portfolio-

Location

State MI

County Wayne

Area Det Con-Mors/Grat. Hstn/7 Mack

Zoning Residential

Direction Take Seven Mile Heading East, Right On Morang, Duplex On The Left

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Roof Type Asphalt

Porch Porch - Covered, Porch

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Duplex

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W21I076678S

Ownership Short Sale - No,Private Owned

Assessment Amount $240

Acceptable Financing Cash, Conventional

Rebuilt Year 2022

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Michael Cash of National Realty Centers, Inc
Bought with EXP Realty LLC

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Carrie Thompson

Digital Marketing Realtor | License ID: 6501338662

+1(810) 893-3269

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