4827 GRAY Street, Detroit, MI 48215

$59,000 Asking Price

3 beds
1 bath
1,824  sqft
Built in 1926

Great investment opportunity in Fox Creek? Located a few blocks off Mack Avenue, minutes away from Gross Pointe. This HUGE 3 bed, 1 bath home is ready for it’s next owner with construction experience. This property would be for an investor looking for a value-add opportunity to flip or rent out, or for an owner-occupant looking to make it their own. On the back yard is an additional house with 2beds, 1bath which could be great for Airbnb, owner’s private retreat, or for you to host family gatherings. Two-car detached garage.For investors interested in flipping: after repair value (ARV) of $200K+! Great location near Grosse Pointe, Belle Isle, I-94, hospital, restaurants, & shopping. So much potential for a visionary to turn this diamond in the rough into a cash cow or your new primary residence.This property is being sold AS-IS. Schedule your private showing today!


Features & Amenities

Interior

Basement:
Unfinished
Heating:
Forced air, Natural gas

Exterior

Style:
Cape cod
Pool:
None
Parking:
One car garage, Detached

Construction

Roofing:
Asphalt
General:
Brick, Two, Basement, Block

Location

Road/Access:
Paved
Originating MLS:
Realcomp II Ltd
School District:
Detroit
County:
Wayne

Lot

Zoning:
W GRAY 140 N 1 FT OF 141 JEFFERSON PARK LAND CO LTD SUB L47 P6 PLATS, W C R 21/691 41 X 122, W21I048639S

Utilities

Utilities:
Above ground utilities, Cable available, Underground utilities
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
RE/MAX Leading Edge, Nazareth Sanchez

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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