240-242 Alter Road

Beds
2,176 Sq. Ft.
$59 / Sq. Ft.
2,176
Sq. Ft.
$59
per Sq. Ft.

Description

Excellent investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building with both with separate tax lots and meters! 3 bedroom townhouses with 1 full bath, 1 half bath, private basements, separate entrances, separate gas, electric, and water meter for each townhouse allowing a tenant to be responsible for 100% of utilities! Excellent layout and large bedrooms. Beautiful original hardwood floors throughout ready to be refinished....Excellent investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building with both with separate tax lots and meters! 3 bedroom townhouses with 1 full bath, 1 half bath, private basements, separate entrances, separate gas, electric, and water meter for each townhouse allowing a tenant to be responsible for 100% of utilities! Excellent layout and large bedrooms. Beautiful original hardwood floors throughout ready to be refinished. Priced attractively to accommodate the need for a new roof and other improvements/ TLC. Sold "As is". Located steps from Coriander Kitchen & Farm- Detroit's hottest restaurant, Detroit River Sports, and Grosse Pointe Park.
  1. Listed by James B Saros • Jim Saros Real Estate Services
    P: (313)-886-9030 jbsaros@sarosres.com

Property Details for 240-242 Alter Road

Architectural Style
2 Story
Subdivision Name
WINDMILL POINTE SUB (ALSO P6) (PLATS)
Has Waterfront
No
Zoning Description
Multi-Family
LISTING CLOSED: 03/17/2022 12:00 AM

Property Details for 240-242 Alter Road

StatusClosed
MLS #40249440
Days on Market14
Taxes$1,012 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1946
Lot Size0.08 AC / 3,484 SF
CountyWayne County

Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By LPS; Jim Saros Real Estate Services

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Building Information for 240-242 Alter Road

Stories2Residences2Year Built1946Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$740 per month

30 year fixed, 6.55% Interest

Principal and Interest

$656

Property Taxes

$84

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 240-242 Alter Road

Summary
Location and General Information
  • Cross Street: S of Jefferson/E of Alter
  • Directions: Take jefferson to alter and turn right.
  • Latitude: 42.36360799
  • Longitude: -82.93169498
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W21I062619S001
  • Tax Annual Amount: $1,012.00
Property
Lot Information
  • Frontage Length: 35.0
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 2176.0
  • Building Area Total: 2176.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1946
Building Features
  • Construction Materials: Brick
  • Total Stories: 2
Utilities
  • Utilities: Natural Gas Available, Sewer Available
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Water Heater: Gas
Multi Family
Multi Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Net Operating Income: $19,800

Property History for 240-242 Alter Road

DateEvent & SourcePriceAppreciation
Mar 17, 2022

Sold

MiRealSource #40249440

$129,000
Nov 8, 2021

Contract Signed

MiRealSource #40249440

Oct 26, 2021

Listed (Active)

MiRealSource #40249440

$138,500
DateEvent & SourcePrice
03/17/2022

Sold

MiRealSource #40249440

$129,000
11/08/2021

Contract Signed

MiRealSource #40249440

10/26/2021

Listed (Active)

MiRealSource #40249440

$138,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 240-242 Alter Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Carstens Elementary-Middle School
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jim Saros Real Estate Services

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