Address
911 Alter Road Detroit, MI
Price
$ 275,000
Property Attributes
  • ID#2210101444
  • TypePending
  • CountyWAYNE
  • CityDetroit
  • AreaDet - Mcclellan East-Mack To Shor
  • NeighborhoodFOX CREEK
  • Zip48215
  • StyleDuplex
  • Year Built1920
  • Taxes$ 1563
  • Price$ 275,000
  • Bedrooms6
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2184
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Arterra Realty Michigan LLC
Data Source:
RealComp
Property Description

CASH BUYERS ONLY! Don’t miss out on your opportunity to be a part of the fastest up and coming Detroit neighborhood in Jefferson-Chalmers. New features coming to the Jefferson-Chalmers neighborhood include a brand new neighborhood resource hub/Community Center, Detroit Soul restaurant, Marlborough Café and Bistro, and Sunday’s Best East Jefferson Food Hall. Within walking distance from many award winning restaurants and bars, as well as, Grosse Pointe Park, West Village and Belle Isle Park. The property is a duplex that includes 911-913 Alter Rd. Hardwood floors throughout. New roof (2018). New boiler furnaces and hot water heaters (2021). Brand new triple pane windows in 913 unit (2021), new washer and dryer both units (2021). Insurance is $1,300 annually. Average rent for similar homes in this area is $1,100/month per unit, which will produce an NOI of $22,225.00 annually at a 7.41% Cap Rate, and a 15.82% COC Return (assuming a 20% down payment).

Price History
12/14/2021 Listed $275,000

General Features

Basement Type Unfinished
Construction Materials Brick, Vinyl
Cumulative Days on Market 22
Down Payment Resource Yes
Gross Scheduled Income 26400.00
Heating Radiant
Listing Agent Public Id 431903
Net Operating Income 22225.00
Ownership Status Private Owned, Short Sale - No
Parcel Number W21I063247S
Property Type Multifamily
Rent Includes Association Fee
School District Detroit
Sewer Sewer at Street
Short Sale No
Status Pending
Subdivision Name FOX CREEK (PLATS)
Terms Offered Cash
Total Sq Ft 2184
Transaction Type Sale
Year Built 1920
Zoning Residential

Interior Features

Basement Y/N Yes
Full Baths 2
Heating Fuel Heat Pump
Total Baths 2.00
Total Units 2
Unit Count 1

Exterior Features

Architecture Level 2 Story
Architecture Style Duplex
Foundation Basement
Foundation Materials Brick
Frontage Feet 44
Lot Size Area 0.07
Lot Size Dimensions 44.00X68.00
Porch Porch
Roof Material Asphalt
Water Source Water at Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Brookstone Realtors and The Originating MLS(found above), © 2022 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of January 22, 2022 4:44 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Pending Average in 48215

Price
AVG $70K
$280K
Taxes
AVG $1,370
$1,563
Visits
AVG 23
32
Year Built
AVG 1953
1920
Walkscore
AVG 50
63
Data Provided by Walkscore ® not using MLS data

Areas We Cover