$31,000 Sold
6416 piedmont street, detroit, MI 48228
Property Description
Highest and Best offers due no later than 9 AM Tuesday, August 31st. Leased and performing investment property for sale. Part of a 11 property portfolio but can be purchased separately. This 2 bedroom, ranch is tenanted at $750 monthly allowing for an annual NOI of $6,196 and a ROI of 18.77% after taxes, management and insurance. Near schools, shops, parks and easy access to expressways. Please do not disturb tenants.
General Information
Sold Price: $31,000
Price/SqFt: $44
Status: Sold
Date Sold: 09/17/2021
MLS#: 2210062724
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: west warren lawns
Acres: 0.12
Lot Dimensions: 40.00X128.00
Bedrooms:2
Bathrooms:1 (1 full, 0 half)
House Size: 706 sq.ft.
Acreage: 0.12 est.
Year Built: 1950
Property Type: Single Family
Style: Ranch
Features & Room Sizes
Paved Road: Paved
Garage: 1 Car
Garage Description: Detached
Construction: Vinyl
Exterior: Vinyl
Exterior Misc: Awning/Overhang(s), Lighting
Garage: 1 Car
Garage Description: Detached
Construction: Vinyl
Exterior: Vinyl
Exterior Misc: Awning/Overhang(s), Lighting
Basement: Yes
Basement Description: Daylight, Unfinished
Foundation : Basement
Cooling: Ceiling Fan(s)
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Basement Description: Daylight, Unfinished
Foundation : Basement
Cooling: Ceiling Fan(s)
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $631
Est. Winter Taxes: $47
Est. Summer Taxes: $631
Est. Winter Taxes: $47
HOA fees: 0
Legal Description: E PIEDMONT 285 WEST WARREN LAWNS SUB L40 P88 PLATS, W C R 22/274 40 X 128.06A
Legal Description: E PIEDMONT 285 WEST WARREN LAWNS SUB L40 P88 PLATS, W C R 22/274 40 X 128.06A
IDX provided courtesy of Realcomp II Ltd. via American Associates REALTORS and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders Listing By: Brent Maxwell of O'Connor Realty, Phone: (313) 963-9891
