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Key Details
Sold Price $255,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,112 sqft
Price per Sqft $120
Subdivision Howlands
MLS Listing ID 20240085991
Style Colonial
Bedrooms 2
Full Baths 2
Year Built 1915
Annual Tax Amount $1,169
Lot Size 3,484 Sqft
Property Sub-Type Colonial
Property Description
Welcome to 540-542 Holbrook Ave, a beautifully updated duplex in a prime Michigan Opportunity Zone, offering exceptional tax advantages and long-term growth potential! Perfect for investors or owner-occupants, each unit features 2 spacious bedrooms, 1 bathroom, and gorgeous hardwood flooring throughout.
Recent updates include a new roof, modern plumbing, gutters, and electrical systems, ensuring worry-free ownership. Both units have been freshly painted, creating a bright and inviting atmosphere. The upstairs unit boasts a fully renovated kitchen with new cabinets, luxury vinyl flooring, countertops, and doors, along with an updated bathroom featuring a new tub, flooring, sink, and vanity.
Additional highlights include a 2-car garage and a sizable adjacent lot, offering outdoor space for recreation, gardening, or potential development.
Currently rented on month-to-month leases at $1,000 per unit, with area rental comps averaging $1,200 per unit, this property offers substantial cash flow potential.
Don't miss this rare opportunity to own a move-in-ready duplex with incredible tax advantages—schedule your showing today!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family,Residential
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Laundry 1
Exterior
Exterior Feature Gutter Guard System, Fenced
Garage Spaces 2.0
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, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Bought with Maxim Properties LLC