$255,000
$250,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
540-542 HOLBROOK Street Detroit, MI 48202
2 Beds
2 Baths
2,112 SqFt
Key Details
Sold Price $255,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,112 sqft
Price per Sqft $120
Subdivision Howlands
MLS Listing ID 20240085991
Sold Date 12/30/24
Style Colonial
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1915
Annual Tax Amount $1,169
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 113.00
Property Sub-Type Colonial
Property Description
Welcome to 540-542 Holbrook Ave, a beautifully updated duplex in a prime Michigan Opportunity Zone, offering exceptional tax advantages and long-term growth potential! Perfect for investors or owner-occupants, each unit features 2 spacious bedrooms, 1 bathroom, and gorgeous hardwood flooring throughout.
Recent updates include a new roof, modern plumbing, gutters, and electrical systems, ensuring worry-free ownership. Both units have been freshly painted, creating a bright and inviting atmosphere. The upstairs unit boasts a fully renovated kitchen with new cabinets, luxury vinyl flooring, countertops, and doors, along with an updated bathroom featuring a new tub, flooring, sink, and vanity.
Additional highlights include a 2-car garage and a sizable adjacent lot, offering outdoor space for recreation, gardening, or potential development.
Currently rented on month-to-month leases at $1,000 per unit, with area rental comps averaging $1,200 per unit, this property offers substantial cash flow potential.
Don't miss this rare opportunity to own a move-in-ready duplex with incredible tax advantages—schedule your showing today!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family,Residential
Direction East Of Woodward And West Of Oakland
Rooms
Basement Unfinished
Interior
Interior Features Smoke Alarm, 100 Amp Service, High Spd Internet Avail, Laundry Facility, Programmable Thermostat
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Gutter Guard System, Fenced
Garage Spaces 2.0
Roof Type Asphalt
Porch Balcony
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W03I002414S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash, Conventional, FHA
Rebuilt Year 2019
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
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Bought with Maxim Properties LLC