2638 Richton Street
Detroit, MI 48206
- – beds
- 5 baths
- 4,800 sqft
- 6,534 sqft lot
- $77 per sqft
- 1925 build
- – on site
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REDUCED. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2638-2640 RICHTON NESTLED ON A 6,534 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW HARDWOOD OR CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,301 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PERC. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 200 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!
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Last updated Nov 11, 2024
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MLS# 20240062807 —
The Building
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Year Built:1925
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Year Remodeled:2024
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Construction Materials:Brick
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Architectural Style:Quadruplex
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Foundation:Block
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Foundation Details:Basement
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# of Units Total:4
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Stories:2 Story
Interior
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Basement:Yes
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Basement Type:Unfinished
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Fireplace:No
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Total:4,800 Sqft
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Total Combined:4,800 Sqft
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Total Basement:2,400 Sqft
Financial & Terms
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Land Contract:No
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Short Sale:No
Location
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Directions:Richton & Linwood
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Directions From North South Detail:Richton & Linwood
The Property
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Property Type:Multifamily
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Parcel Number:W10I003511S
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Exclusions:No
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Zoning:Multi-Family
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Homestead:No
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Lot Size Dimensions:53.00 x 121.00
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Lot Size Area:0.15
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Frontage Feet:1
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Encroachment:No
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Pool:No
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Waterfront:No
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (734) 301-6553
Taxes
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Total Taxes:$1,572
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Tax Amount Summer:$1,431
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Tax Amount Winter:$141
Baths
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Total Baths:5
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Full Baths:5
Heating & Cooling
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Heating:Wall/Floor Furnace
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Heating Fuel:Natural Gas
Utilities
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Sewer:Sewer at Street
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Water Source:Water at Street
Schools
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School District:Detroit
The Community
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Subdivision Name:LINWOOD HEIGHTS SUB (PLATS)
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Pets Allowed:Call
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Assessment:340.00
Extra Units
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Unit Two Bed Number Of:4
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Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/28/24
Oct 28, 2024
|
REALCOMP | $370,000 | 1.4% | |
|
10/10/24
Oct 10, 2024
|
REALCOMP | $365,000 | ||
|
9/5/24
Sep 5, 2024
|
REALCOMP | $365,000 | -2.7% |
