4631 Meldrum Street, Detroit, MI 48207

$50,000 Asking Price

4 beds
2 baths
2,282  sqft
Built in 1905

****Buy and hold, investor special, also Land Contract available*** Great opportunity in a booming neighborhood. Occupancy status is unknown to the seller. No showings. 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: 18036 Mackay St, Detroit, and 19662 Mitchell St, Detroit. All 3 properties can be purchased as a package deal for 85,000 or on a Land Contract for 100,000 w/ 60,000 and 2,000 a month for 20 months. Total ARV for all 3 is 320,000 plus.


Features & Amenities

Interior

Basement:
Partial, Unfinished
Heating:
Hot water, Natural gas

Exterior

Style:
Colonial
Pool:
None
Parking:
One car garage, Detached

Construction

General:
Aluminum siding, Two, Basement, Brick mortar

Location

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

Lot

Zoning:
W MELDRUM 1 PETER FISCHERS SUB L23 P26 PLATS, W C R 15/57 N 33.67 FT 7 MALOW BROS SUB L23 P2 PLATS, W C R 15/147 29.5 IRREG, W15I013668S

Utilities

Water:
Waterat street
Sewer:
Sewer at Street

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
IKONIK REALTY, Hasnat Khan

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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