5900 SEMINOLE Street, Detroit, MI 48213

$399,990 Asking Price

8 beds
4 baths
3,600  sqft
Built in 1923

MULTIPLE OFFER SITUATION! HIGHEST AND BEST DUE BY MONDAY AT 5PM. REDUCED! LOCATED 6 MINUTES FROM THE HISTORIC INDIAN VILLAGE AND WEST VILLAGE, YOU WILL FIND 5900 SEMINOLE NESTLED ON A 3,484 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY REDUCED! UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 5,002 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 % THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Features & Amenities

Interior

Basement:
Unfinished
Heating:
Hot water, Natural gas

Exterior

Style:
Other
Pool:
None
Parking:
No garage

Construction

General:
Brick, Two, Basement, Block

Location

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

Lot

Zoning:
E SEMINOLE 22 BLK 12 STEPHENS ELM PARK SUB L19 P12 PLATS, W C R 17/125 30 X 110, W17I007809S

Utilities

Water:
Waterat street
Sewer:
Sewer at Street

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
1st Michigan Real Estate, Marta Kopania

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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