1045 Junction St

Detroit, MI 48209 View Map $400,000 Schedule a Tour
Baths4
Sq.Ft.3,872
Year1885

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(313) 658-6400

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Status: Active
Property Type:Multifamily
MLS #:2220008658
Sq. Feet:3,872
On Site:240 Days
Lot Size:0.15 Acres
County:Wayne
Welcoming your NEXT INVESTMENT property in Southwest Detroit! This QUADRUPLEX has what every investors wants...CASHFLOW, property management company in place & a location w/plenty of room to APPRECIATE in value. 4 Units, 2 - 3 Bed/1 Bath units & 2 - 2 Bed/1 Bath Units are all FULLY OCCUPIED & generating INCOME. This area is seeing MULTIPLE levels of GROWTH. Only 5 mins from Ford's MASSIVE 740-Million Dollar renovation at Michigan's Central Station in CORKTOWN. Located on Junction Ave, soon the road leading to the 5.7-Billion Dollar Gordie Howe Intl Bridge development! Walking distance to Clark Park, Armandos, Mexicantown Bakery, Mutiny Bar, Flowers of Vietnam, El Club & more! This area attracts WSU Students, Casino Workers, Henry Ford, DMC or VA Hospital workers. Newer Roof, Mechanicals and Electrical. No showings w/out accepted offer. Make your investment for the future today!

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$000 Monthly Payment
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Community Information

Address:1045 Junction St Detroit, MI 48209
County:Wayne
City:Detroit
School System:Detroit
Zip Code:48209

Architecture

Bathrooms: 4
Year Built:1885
Stories:2
Style:Quadruplex
Total # of Units: 2
Unit 1 Info: 1 baths. Sq. Ft. 775 . Monthly rent: 690.00.
Unit 2 Info: 1 baths. Sq. Ft. 1, 161 . Monthly rent: 1035.00.
Construction Materials: Brick
Architecture Level: 2 Story
Year Remodeled: 2019
Roof: Rubber
Foundation: Basement
Foundation Materials: Brick/Mortar
Basement: Common

Features / Amenities

Interior Features: High Spd Internet Avail
Exterior Features: Awning/Overhang(s), Private Entry, Fenced
Porch: Balcony, Porch
Cooling: Window Unit(s)
Heating: Forced Air
Heating Fuel: Natural Gas
Water Heater Fuel: Natural Gas

Property Features

Lot Size: 0.15 Acres
Lot Dimensions:60 x 130 x 60 x 130
Road Frontage: Paved, Pub. Sidewalk
Sewer: Sewer at Street
Water: Water at Street
Zoning:Multi-Family
Directions:Junction & 75

Tax and Financial Info

Tax Amount Summer: $1,268
Tax Amount Winter: $1
Total Tax: $1,269
Financing: Cash, Conventional
Gross Scheduled Income: $41,400
Net Operating Income: $29,640
Monthly Rental Income: $3,450
Rent Includes: Water/Sewer, Trash Collection (Garbage Pickup), Water, Yard Maintenance
Possession: At Close
Pets Allowed: Yes

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1045 Junction St Detroit, MI 48209
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1045 Junction St Detroit, MI 48209
 
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Listing Information Last Updated 10/6/2022
Listing provided courtesy of Signature Sotheby's International Realty Gpf (313-888-8800).
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Berkshire Hathaway HomeServices The Loft Warehouse are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.