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!
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
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#: 20221009465

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
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Estimated market value
$312,600