9615 DEXTER Avenue Detroit, MI $ 159,900
9615 DEXTER Avenue
$ 159,900
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9615 DEXTER Avenue

Detroit, MI, 48206
$ 159,900
Baths4.0 Sq 3,904

Monthly Estimate*

$ 1,063

9615 DEXTER Avenue, Detroit, MI 48206 - Image 1
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9615 DEXTER Avenue, Detroit, MI 48206 - Image 8
Studio

Multi-Family Home for sale in Detroit, MI

for $159,900 with 4 full baths. This 3,904 square foot home was built in 1924 on a lot size of 0.09.

HIGHEST AND BEST FRIDAY AT NOON.Investor Opportunity: 4-Unit Property with Untapped Potential Welcome to 9615 Dexter St, Detroit, MI - a promising investment opportunity for those seeking lucrative returns in the ever-growing real estate market. This four-unit property presents a unique chance to capitalize on the booming Section 8 rental demand in the area. Key Features: Location: Situated in a strategic location, this property offers convenient access to amenities, schools, and public transportation. Income Potential: Unlock a steady stream of income with Section 8 rents, potentially reaching $5,000 per month once the property is optimized. Unit Breakdown: Four units, each with its own distinct layout, providing versatility in rental options. Cash Only, Site Unseen: This property is offered on a cash-only basis and is being sold site unseen. Serious investors who can navigate the current conditions will find a diamond in the rough. Occupancy Status: Please be aware that the property currently has squatters. Successful acquisition will require addressing this situation, and we recommend consulting legal advice for a smooth resolution. Investment Strategy: Rehabilitation: With the right vision and resources, this property can be transformed into a profitable asset. Rehabilitation efforts can significantly increase its value and appeal. Section 8 Advantage: Leverage the high demand for Section 8 housing in the area to maximize rental income and establish a stable, long-term cash flow. Terms and Conditions: Cash Only: The property is available for cash buyers

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Multi-Family Active

Price

$ 159,900

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,661

Style

Lot Size

0.09

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60273922

Features
General
Heating Hot Water
Possession At Close
Water Public Water at Street
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1924
Subdivision MC QUADES DEXTER BLVD (PLATS) MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 0
Percent Ownership Private
Municipality Detroit
Zoning Multi-Family
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions CHICAGO BLVD & DEXTER
City Detroit
School District Detroit City School District
Street Name DEXTER
Financial Terms Cash
Legal Description W DEXTER 79 MCQUADES DEXTER BLVD SUB L35 P5 PLATS W C R 14/184 40 X 100
DOM 179
Postal Code 48206
Price Per Sq Ft Total 40.96
Coming Soon HIGHEST AND BEST FRIDAY AT NOON.Investor Opportunity: 4-Unit Property with Untapped Potential Welcome to 9615 Dexter St Detroit
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Interior
Basement Block
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Exterior Brick
Frontage 0
Lot Size Area 0.09
Lot Dimensions 40.00 x 100.00
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Marta Kopania

Listing Agent

1St Michigan Real Estate

Broker

kopaniamarta@gmail.com

Email

Affordability Calculator

$1,284
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,063
Monthly Property Taxes
$222
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/7/2023$159,900 -3.03% Price Down
11/25/2023$164,900 Listed Price

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9615 DEXTER Avenue, Detroit, MI, 48206 is a Multi-Family Home for sale at $159,900 with 3,904 sqft and a lot size of 0.09. 9615 DEXTER Avenue is a studio with 4.0 baths and was built in 1924. The property's zip code is 48206 which is in Detroit, MI