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Sold for $360,000 on 05/05/25
  • $360,000

    8510 Prairie St, Detroit, MI 48204

    8beds
    4,870sqft
    Multi Family
    Built in 1926
    -- sqft lot
    $362,100 Zestimate®
    $74/sqft
    $1,352 Estimated rent

    What's special

    HIGHEST AND BEST MONDAY AT NOON. LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 8510 PRAIRIE NESTLED ON A 4,791 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL 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 NEWER PLUMBING AND ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4,720 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!

    Zillow last checked: 7 hours ago

    Listing updated: August 30, 2023 at 04:59am

    Listed by:

    Marta Kopania 734-301-6553,

    1st Michigan Real Estate

    Bought with:

    Dana Bolcer, 6501451702

    Max Broock, REALTORS®-Detroit

    Source: Realcomp II,MLS#: 20230064050MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Wall Furnace, Wood
    Features
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,870 sqft
    • Finished area above ground: 4,870

    Property

    Parking
    • Total spaces: 2
    • Parking features: Two Car Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Lot
    • Size: 4,791 sqft
    • Dimensions: 45.00 x 104.00
    Details
    • Parcel number: W16I004391S
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1926
    • Major remodel year: 2023

    Utilities & green energy

    • Sewer: Sewer At Street
    • Water: Waterat Street

    Community & neighborhood

    Location
    • Region: Detroit
    • Subdivision: HARRAHS LIVERNOIS AVE (PLATS)

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    Services availability
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    Estimated market value

    $362,100