About 506 Westminster Street
3/4 occupied. Nestled in Detroit's North End neighborhood, this fully leased quadplex is the perfect purchase for a savvy investor. Building received gut renovation in 2017. All 3 bed, 1 bath units have new plumbing, electrical, HVAC, Flooring, roofing, etc. Each unit has a dishwasher Washer dryer and storage in basement. Includes 2 gated off street parking. With a gross annual income of $58,080, this property is the perfect purchase for a savvy investor. Less than 10 minute drive to downtown Detroit, and a 5 minute drive to midtown, this investment opportunity is uniquely rare and one to take advantage of. Newly renovated quadplexes in the most desired neighborhoods in Detroit are moving quickly.
Features of 506 Westminster Street
| MLS® # | 24020988 |
|---|---|
| Price | $499,000 |
| Bathrooms | 0.00 |
| Acres | 0.13 |
| Year Built | 1910 |
| Type | Multi-Family |
| Sub-Type | 2 to 4 Units |
| Status | Active |
Community Information
| Address | 506 Westminster Street |
|---|---|
| Area | Wayne County - 100 |
| City | Detroit |
| County | Wayne |
| State | MI |
| Zip Code | 48202 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Fireplaces | 1 |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Roof | Other |
School Information
| District | Detroit |
|---|
Additional Information
| Legal | S WESTMINSTER W 50 FT OF E 70 FT 34 HOUGHS L12 P49 PLATS, W C R 3/117 50 X 115 EXCEPT THE N 10 FT TAKEN FOR ALLEY |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
Financial Details
| Annual Property Tax | $1,348 |
|---|---|
| Tax ID # | 03002633. |
| Taxable Value | 5435.00 |
Listing Details
| Agent | Ishma Best |
|---|---|
| Office | Prep Realty |