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4830 Grayton Detroit, MI $ 300,000
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$ 300,000 Get more info
4830 Grayton
$ 300,000
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4830 Grayton

Detroit, MI, 48224
$ 300,000
Baths5.0 Sq 2,922

Monthly Estimate*

$ 1,994

4830 Grayton, Detroit, MI 48224 - Image 1
4830 Grayton, Detroit, MI 48224 - Image 2
4830 Grayton, Detroit, MI 48224 - Image 3
4830 Grayton, Detroit, MI 48224 - Image 4
4830 Grayton, Detroit, MI 48224 - Image 5
Studio

Multi-Family Home for sale in Detroit, MI

for $300,000 with 5 full baths. This 2,922 square foot home was built in 1931 on a lot size of 0.16.

LARGE FIVE UNIT MULTI-FAMILY INVESTMENT PROPERTY! LOCATED IN DESIRABLE EAST ENGLISH VILLAGE, SOUTH OF E. WARREN AND WEST OF CADIUEX. UPDATES INCLUDE A NEW BOILER IN 2023, AND SELLER HAS DONE SOME RENOVATIONS IN FOUR OF THE UNITS. THIS PROPERTY FEATURES FIVE 1 BEDROOM UNITS. EACH UNIT HAS ONE BEDROOM, BATHROOM, HARDWOOD FLOORS, FRIDGE AND STOVES INCLUDED. COIN OPERATED WASHER AND DRYER IN THE LAUNDRY FACILITY IN THE BASEMENT. ALL FIVE UNITS ARE CURRENTLY TENANTED. RENTS FOR EACH UNIT ARE AS FOLLOWS- APT #1S- $952 SECTION 8 TENANT, APT #1N- $750 SECTION 8 TENANT, APT #2N-$695-CASH TENANT , APT #2S- $848 SECTION 8 TENANT, AND APT #B AT $550 CASH TENANT. TENANTS PAY ELECTRIC AND COOKING GAS FOR EACH UNIT. OWNER IS RESPONSIBLE FOR GAS FOR HEAT AND WATER. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED WITH THE BUYER'S AGENT. BUYER TO PAY A $295 PROCESSING FEE AT CLOSING. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT.

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Multi-Family Pending

Price

$ 300,000

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 7,717

Style

Colonial

Lot Size

0.16

Year Built

1931

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60286919
Features
General
Heating Hot Water Radiant
Possession Subject To Tenant Rights
Exterior Features Porch
Water Public Water
Status Pending Pending
Full Baths 5
Half Baths 0
Bathrooms 5
Year Built 1931
Style Colonial
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 0
Percent Ownership Private
Municipality Detroit
Zoning Multi-Family
Subdivision MI
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions Just South Of E. Warren Avenue Two Blocks West Of Cadiux Road
City Detroit
School District Detroit City School District
Street Name GRAYTON
Financial Terms Cash Conventional Exchange/Trade
Legal Description E GRAYTON N 2 FT 9 ALL OF 8 AND W 9 FT VAC ALLEY ADJ ARTHUR J SCULLYS VOGT FARM SUB L50 P94 PLATS W C R 21/760 41 X 168.49A
DOM 113
Postal Code 48224
Price Per Sq Ft Total 102.67
Coming Soon LARGE FIVE UNIT MULTI-FAMILY INVESTMENT PROPERTY! LOCATED IN DESIRABLE EAST ENGLISH VILLAGE SOUTH OF E. WARREN AND WEST OF CADIUEX. UPDATES INCLUDE A NEW BOILER IN 2023
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Interior
Basement Block
Fireplace? No
Total Number of Units 5
Fuel Type Natural Gas
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Exterior
Exterior Brick
Frontage 41
Lot Size Area 0.16
Lot Dimensions 41 X 168
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Mark Hutter

Listing Agent

Detroit Investment Company

Broker

rmiller@detpro.com

Email

Affordability Calculator

$2,637
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,994
Monthly Property Taxes
$643
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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Nearby
759604 Elementary School
760475 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/17/2024$300,000 -15.49% Price Down
3/15/2024$355,000 -5.08% Price Down
2/8/2024$374,000 Listed Price

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4830 Grayton, Detroit, MI, 48224 is a Multi-Family Home for sale at $300,000 with 2,922 sqft and a lot size of 0.16. 4830 Grayton is a studio with 5.0 baths and was built in 1931. The property's zip code is 48224 which is in Detroit, MI

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