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Jeff McIntyre
Home Field Michigan Real Estate Consultants
jeff@homefieldmichigan.com +1(989) 277-3510$ 190,000
Est. payment | /mo
2 Baths
1,134 SqFt
$ 190,000
Est. payment | /mo
2 Baths
1,134 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,134 sqft
Price per Sqft $167
Subdivision Mi
MLS Listing ID 60957351
Style 2 Story
Full Baths 2
Year Built 1925
Annual Tax Amount $3,287
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30X107.5
Property Sub-Type Multi-Family
Property Description
This charming multi-family home located at 449 W Evelyn Ave, Hazel Park, MI, built in 1925, is full of character and potential, now offering an immediate, solid return on investment. Investor Highlights: Fully Occupied & Income-Producing: Both units are currently rented, generating a total gross monthly income of $2,000 ($24,000 annually). Approximate Investment Yield: Based on a list price of $190,000 (MLS# 20251057915), the gross annual rental income represents an approximate 12.6% Gross Cap Rate ($24,000 / $190,000). This calculation does not include operating expenses (taxes, insurance, utilities, maintenance, etc.) and is provided for preliminary financial comparison. The property features 2 bathrooms and a total finished area of 1,134 sq.ft. The home spans 2 stories and sits on a lot size of 3,049.2 sq.ft., providing plenty of outdoor space for relaxing and entertaining. With its vintage charm and spacious layout, this property offers a unique and compelling opportunity for seasoned investors or those looking to begin their real estate portfolio. The home's central location in Hazel Park provides easy access to local amenities, popular restaurants, and neighborhood parks. Don't miss out on this historic, income-generating gem – schedule a showing today to see all that this property has to offer!
Location
State MI
County Oakland
Area Hazel Park (63257)
Zoning Residential
Interior
Fireplace No
Exterior
Exterior Feature Vinyl Siding
Building
Story 2 Story
Foundation Slab
Water Public Water
Structure Type Vinyl Siding
Schools
School District Hazel Park City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Andover Real Estate dba Houzeo Michigan