USAMIDetroitMore Than One Subdivision Involved5061 Hillsboro St
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5061 Hillsboro St, Detroit, MI

Real Estate

Sold

Listed price in listed location currency (USD).
$178,500
$175,000

021

MLS® 20230087719

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2558 sqft
Garage Yes
Taxes $2,009
Lot Size 0.09 acres
Approx. Age 1924
Avg. Price Per Sqft $68
MLS® Number 20230087719

Property Address: 5061 Hillsboro St, Detroit, MI, 48204-2935

Average square foot calculated using Size range provided by listing agent.

Description

Located 6 minutes from historic boston edison district you will find 5061 hillsboro nestled on a 3, 920 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 furnaces and hot water tanks. In addition, this home displays all new electrical and plumbing to insure maintenance free cash flow. This beauty has just been leased with 2 section 8 tenants and the monthly dividends are just shy of $3000. Also, the whopping rents of $1542 and $1410 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 in a lucky owner's fingertips soon! No showings without accepted full list offer.
MLS® Number20230087719
Laundry Level
Central VacNo
FireplaceNo
Acreage0.09
Exterior
GarageYes
Approx. Age1924
BasementFull, Unfinished
DrivewayOne Car Garage
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Feb 4, 2024End Date
$178,500Sold Price

Sold

Oct 13, 2023List Date
$175,000List Price
  • Commute

Commute

Starting Address
Destination Address
5061 Hillsboro St, Detroit, MI

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