Detroit, MI 48224,3990 BEACONSFIELD Street

$165,000

Est. payment /mo

$155,000

6.5%
Est.Price: ?

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3990 BEACONSFIELD Street Detroit, MI 48224

2,039 SqFt

SOLD DATE : 05/19/2025

Key Details

Sold Price $165,000

Property Type Commercial

Sub Type Real Estate Only

Listing Status Sold

Purchase Type For Sale

Square Footage 2,039 sqft

Price per Sqft $80

Subdivision Moore & Moestas (Plats)

MLS Listing ID 20250022960

Year Built 1927

Annual Tax Amount $4,088

Lot Size 4,356 Sqft

Property Sub-Type Real Estate Only

Property Description

LOCATED 7 MINUTES FROM THE INFAMOUS CITY OF GROSSE POINTE AND JEFFERSON/CHALMERS, YOU WILL FIND 3990 BEACONSFIELD NESTLED ON A HUGE 4,356 SQUARE FOOT LOT IN THE QUIET "MORNINGSIDE" NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST A BRAND NEW 40 YEAR TEAR OFF ROOF TOWERING OVER TWO SPACIOUS 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1413 AND $1277 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT FOR A WHOPPING TOTAL OF $2690. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

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

Zoning Multi-Family

Building

Sewer Sewer at Street

Water Water at Street

Structure Type Brick

Schools

School District Detroit

Others

Assessment Amount $350

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Full Service

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Realcomp MLS
Listed by Marta Kopania of Downtown Realty
Bought with Downtown Realty
agent

Guy Gailliard

Agent | License ID: 65013845815

+1(313) 315-3209

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