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Sold for $269,500 on 01/30/23
  • $269,500

    4224 Lois St, Dearborn, MI 48126

    9beds
    2,544sqft
    Multi Family
    Built in 1928
    -- sqft lot
    $312,600 Zestimate®
    $106/sqft
    $943 Estimated rent

    What's special

    Rare opportunity to acquire investment property with cash flow already in place with additional upside in rents! Property is located in a low velocity sub market with strong tenant base. Four 2 bedroom, 1 bathroom units. Tenant is responsible for electricity and gas and each unit gets one off street parking spot. In place income with opportunity to increase rents to market rates. Projected income of approximately $3,225 per month. Also opportunity to live in 1 unit and rent out the other 3 to cover carrying costs! Walking distance to all the shopping, coffee, and dining of Michigan Ave!

    Zillow last checked: 7 hours ago

    Listing updated: August 31, 2023 at 11:45pm

    Listed by:

    James B Saros 313-886-9030,

    Jim Saros Real Estate Services

    Bought with:

    Janet Graham, 6501348293

    Howard Hanna Franklin

    Source: Realcomp II,MLS#: 20221009465MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,544 sqft
    • Finished area above ground: 2,544

    Property

    Parking
    • Total spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 4,791 sqft
    • Dimensions: 35.00 x 143.00
    Details
    • Parcel number: 32821017308020
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1928

    Utilities & green energy

    • Sewer: Sewer At Street
    • Water: Waterat Street

    Community & neighborhood

    Location
    • Region: Dearborn
    • Subdivision: MILLER HOME

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,Va Loan
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $312,600