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3030 Cortland Street

Detroit, MI 48206
  • $155,000
  • STATUS: Active
  • ON SITE: 49 Days
  • ID#: 20230065648
Price Reduced
UPDATED: 99 min ago
$155,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,726
    SQFT
  • $57
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1925
County:
Zoning:
Multi-Family
Lot Size Dimensions:
35.00 X 121.00

School Ratings & Info

School District:

Description

LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 3030 COURTLAND NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED HOT WATER TANKS AND BRAND NEW ELECTRIC BASEBOARDS . IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1321 AND $1200 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE AT A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via GK Real Estate Team | Max Broock and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Max Broock are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-09-25T23:58:41.863.
www.gkrealestateteam.com/homes/142205384
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3030 Cortland Street Detroit, MI 48206

  • Price: $155,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 99 min ago
  • ID#: 20230065648
0
Beds
0
Baths
0
½ Baths
0.1
Acres
2,726
SQFT
$57
$/SQFT
1925
Built
Neighborhood:
Linwood Heights (Plats)
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 3030 COURTLAND NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED HOT WATER TANKS AND BRAND NEW ELECTRIC BASEBOARDS . IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1321 AND $1200 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE AT A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Exterior Features

Architecture Level 2 Story Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 35.00 X 121.00 Road Frontage Feet 1 Road Frontage Type Paved Waterfront YN No

Interior Features

Building Area Source Measured Heating Cooling Hot Water Heating Fuel Natural Gas Sq Ft Main 2726 Sq Ft Office 0

Property Features

Assessment 340.00 Commercial Type Business And Real Estate Existing Lease YN Yes Gross Scheduled Income 30252.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Monthly Sales 2521 Net Operating Income 30252.00 Operating Expense 0.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 100 Possession At Close Postal City Detroit Protection Period 0 Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 1279.0000 Tax Amount Winter 113.0000 Title Standard (Private) Total Tax 1392.0000 Unparsed Address 3030 Cortland Street Water Source Water At Street Year Remodeled 2023 Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via 1st Michigan Real Estate: (248) 835-3237 and Realcomp, ©2023 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via GK Real Estate Team | Max Broock and Realcomp II Ltd.. © 2023 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Max Broock are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2023-09-25T23:58:41.863.
 
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