2748 WEBB Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Single Family Home
Sub Type Colonial
Listing Status Active
Purchase Type For Sale
Square Footage 3,528 sqft
Price per Sqft $36
Subdivision Webb Avenue Sub (Plats)
MLS Listing ID 20240077038
Style Colonial
Bedrooms 5
Full Baths 2
Year Built 1923
Annual Tax Amount $1,563
Lot Size 8,276 Sqft
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.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Interior
Hot Water Natural Gas
Heating Forced Air,Hot Water
Laundry 1
Exterior
Exterior Feature Lighting
Garage Detached
Garage Description 2 Car
Pool No
Waterfront no
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $340
Acceptable Financing Cash
Listing Terms Cash