$50,000 for Sale
4631 meldrum street, detroit, MI 48207
| Beds 4 | Baths 2 | 2,282 Sqft | 0.14 Acres |
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1 of 4 |
Property Description
****Buy and hold, investor special, also Land Contract available*** Great opportunity in a booming neighborhood. Occupancy status is unknown to the seller. ARV of 240,000. "12.5 million was awarded to Detroit from USDOT and the state of Michigan to make the Gratiot corridor from 8 Mile Road to Downtown Detroit safer. - Sep 25, 2024." Land Cntrt Price: 60,000 / Land DWP: 30,000 / Land Int Rate: 0 / Land Payment: 1,000 / Land Cntrt Term: 30. This is part of a package deal or can be purchased separately. Other 2 from the package are 19662 Mitchell St, Detroit, and 18036 Mackay St, Detroit (Mackay St went under contract within a day). 2 remaining properties can be purchased as a package deal for 75,000 cash or on a Land Contract for 85,000 w/ 45,000 down and 2,000 a month for 20 months. Total ARV for the remaining 2 is 300,000 plus.
General Information
Sale Price: $50,000
Price/SqFt: $22
Status: Active
MLS#: 20240081804
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: more than one subdivision involved
Acres: 0.14
Lot Dimensions: 30.00 x 200.00
Bedrooms:4
Bathrooms:2 (2 full, 0 half)
House Size: 2,282 sq.ft.
Acreage: 0.14 est.
Year Built: 1905
Property Type: Single Family
Style: Colonial
Features & Room Sizes
Bedroom 1: 9x10
Bedroom 2 : 9x9
Bedroom 3: 9x9
Bedroom 4: 9x9
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved Street
Garage: 1
Garage Description: Detached Garage
Exterior: Aluminum
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Hot Water
Fuel: Natural Gas
Waste: Public At Street
Watersource: Public Water at Street
Tax, Fees & Legal
Est. Summer Taxes: $495
Est. Winter Taxes: $31
HOA fees:
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Listing By: Hasnat Khan of IKONIK REALTY, Phone: 313-240-1331
