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Sold
  • $189,900

    700 Alter Rd, Detroit, MI 48215

    4beds
    2,448sqft
    Duplex
    Built in 1953
    -- sqft lot
    $197,600 Zestimate®
    $78/sqft
    $-- HOA

    What's special

    Exciting investment opportunity in the rapidly appreciating Jefferson Chalmers Neighborhood! Outstanding location South of Jefferson sharing a fence line with the City of Grosse Pointe Park and across from the charming canals of Jefferson Chalmers, this all brick duplex boasts large open concept living spaces, 2 large bedrooms with huge closets per unit, large kitchens, well maintained bathrooms, separate- private basements for each tenant with storage & laundry, and driveway with garage for convenient off street parking for tenants. "House Hack" by living in one unit and renting the other! Separate utility meters for each apartment. Market rents of $1,050+ per unit! Super easy to manage and allows for a strong passive income! Very walkable location steps from coffee, dining, and shopping on Jefferson & Kercheval as well as the highly anticipated $45M+ development of the new Performing Arts Center coming to Jefferson! Neighboring duplex sales as high as $300K+ allowing for an attractive value add opportunity!

    Zillow last checked: 7 hours ago

    Listing updated: January 26, 2025 at 07:19am

    Listed by:

    James B Saros 313-886-9030,

    Jim Saros Real Estate Services

    Bought with:

    Alan Jay Robinson, 6501379805

    Century 21 Curran & Oberski

    Source: Realcomp II,MLS#: 20240083889MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Private,Private Storage Locker,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,448 sqft
    • Finished area above ground: 2,448

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 6,969 sqft
    • Dimensions: 50.00 x 135.00
    Details
    • Parcel number: W21I062680S
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Duplex
    • Property subtype: Duplex
    Materials
    • Brick
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Sewer: Sewer At Street
    • Water: Waterat Street

    Community & neighborhood

    Location
    • Region: Detroit
    • Subdivision: WINDMILL POINTE SUB (ALSO P6) (PLATS)

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,Va Loan,Warranty Deed
    Services availability
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    Estimated market value

    $197,600