$128,500 for Sale
2748 webb street, detroit, MI 48206
| Beds 5 | Baths 2 | 3,528 Sqft | 0.19 Acres |
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Property Description
Great Investment Opportunity – Subject to Existing Mortgage! This spacious 5-bed, 2-bath single-family home with a garage presents incredible potential for the right buyer. While the windows, furnace, and hot water system are dated, and the home still has knob and tube wiring that requires updates, there are no structural concerns. The roof is only 5 years old, adding value. The property is available subject to an existing mortgage with a balance of $98K, and has an After Repair Value (ARV) of $200K. Though the house needs mainly cosmetic and electrical updates, its size and layout offer flexibility. Currently a single-family home, it has two kitchens and could potentially be converted into a multi-family residence. Located in Detroit's Dexter-Linwood neighborhood, this area is known for its historic homes and is close to landmarks like the Boston-Edison Historic District, New Center, the Detroit Golf Club, and major roads such as the John C. Lodge Freeway and Livernois Avenue, providing easy access to downtown Detroit. Don’t miss out on this fantastic investment opportunity! Price already includes existing mortgage balance. FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price.
General Information
Sale Price: $128,500
Price/SqFt: $36
Status: Active
MLS#: rcomi20240077038
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: webb avenue sub (plats)
Acres: 0.19
Lot Dimensions: 66.00 x 123.00
Bedrooms:5
Bathrooms:2 (2 full, 0 half)
House Size: 3,528 sq.ft.
Acreage: 0.19 est.
Year Built: 1923
Property Type: Single Family
Style: Colonial
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: 2 Car
Garage Description: Detached
Construction: Brick
Exterior: Brick
Exterior Misc: Lighting
Fireplaces: 1
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air,Hot Water
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,415
Est. Winter Taxes: $148
Legal Description: N WEBB 45 WEBB AVE SUB L39 P32 PLATS, WCR 10/122 65.87 IRREG
IDX provided courtesy of Realcomp II Ltd. via Prestige Real Estate Group and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders
Listing By: TJ Brisbois of Wise Property Buyers, Phone: (734) 968-4359
