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16532 Lauder Street, Detroit, MI 48235

$100,000
3
BD
1
BA
1,589
SqFt
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List Price
$100,000
Status
ACTIVE
Days on Market
6
MLS#
20261078704
Subtype
Residential
Style
Bungalow
Year Built
1925
Bedrooms
3
Bathrooms
1
Full Baths
1
Living Area
1,589
Lot Size
5,227
Acres
0.12
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Property Description

LOCATED 6 MINUTES FROM THE HISTORIC SHERWOOD FOREST AND PALMER PARK DISTRICTS, YOU WILL FIND 16532 LAUDER NESTLED ON A 5,227 SQUARE FOOT LOT IN THE QUIET “HUBBELL-PURITAN” NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOAST 3 SPACIOUS BEDROOMS TO ACCOMODATE THE MOST MONEY CAN BUY. SHE HAS BEEN CAREFULLY UPGRADED FROM THE BRAND NEW ROOF TEAR OFF DOWN TO EVERY INCH OF ELECTRICAL IN EACH UNIT. IN ADDITION, THIS BEAUTY HAS AN ENTIRE NEW HEATING SYSTEM AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT, BRAND NEW CARPET AND LUXURY VINYL WITH TOP OF THE LINE UNDERLAYMENT. THIS PALACE HAS BEEN RECENTLY RENTED TO SECTION 8 TENANTS,AND THE MONTHLY DIVIDENDS OF $1566 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THIS ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER’S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

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Additional Information

Interior Features
Basement Partially Finished
Taxes
$2,733
Property Description
Bungalow
Heating
Forced Air
Stories
2
Parking Features
Detached
Garage Spaces
1
School District
Detroit
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Listing courtesy of Listing Agent: Lauryn Johnson from Listing Office: KW Domain.

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