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391 PALMERSTON Street River Rouge, MI 48218
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Key Details
Sold Price $61,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,760 sqft
Price per Sqft $34
Subdivision River Rouge Park Sub
MLS Listing ID 20250017614
Style Colonial
Bedrooms 2
Full Baths 2
Year Built 1920
Annual Tax Amount $2,128
Lot Size 4,356 Sqft
Property Sub-Type Colonial
Property Description
Attention investors. Take a look at this duplex located in one of the hottest Real Estate markets in Metro Detroit. This property requires a mostly cosmetic rehab to increase the value by tens of thousands. You can buy, fix, and rent... Then enjoy a substantial equity position. Or you can buy, fix, and BRRR this duplex and pull out all of your cash while making a substantial ROI. House hackers are also welcome. These units can rent for 1000 or more per door easily once this project is complete. This could be a cash cow for any savvy investor. Don't wait on this one or it will be gone fast. Bring in the spring with your new duplex!
Location
State MI
County Wayne
Area River Rouge
Zoning Residential
Interior
Heating Forced Air, Hot Water
Building
Foundation Basement
Sewer Sewer at Street
Water Community
Structure Type Brick,Vinyl
Schools
School District River Rouge
Others
Acceptable Financing Cash, Conventional, FHA 203K, Trade/Exchange, Warranty Deed
Listing Terms Cash, Conventional, FHA 203K, Trade/Exchange, Warranty Deed
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Bought with New Era Real Estate LLC