For sale
  • Price increase: $10K (7/26)
    $175,000

    5856 Barrett St, Detroit, MI 48213

    6beds
    2,140sqft
    : 
    Multi Family
    Built in 1927
    -- sqft lot
    $-- Zestimate®
    $82/sqft
    $-- HOA

    What's special

    Freshly rolled paintBrand new carpetNew windows
    JUST INSTALLED! BRAND NEW ROOF TEAR OFF WITH 40 YEAR WARRANTY! LOCATED JUST 6 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE YOU WILL FIND 5856 BARRETT NESTLED ON A 3,833 SQUARE FOOT LOT IN CHANDLER PARK QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL DUPLEX CONSISTS OF 2 RECENTLY REMODELED SECTION 8 UNITS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS 2025 FURNACES AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW ELECTRICAL&AND PLUMBING AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. BRAND NEW SIDING AND ALUMINUM TRIM PAIRED WITH NEW WINDOWS COMPLETE THE CURB APPEAL TO YOUR ROYAL HIGHNESS. EACH SPACIOUS 3 BEDROOM UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS FROM SAME AGENCY AND THE MONTHLY DIVIDENDS OF $2,550 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%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!
    101 days
    on Zillow
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