Sold
Last Sold Price
6 beds2,176 sqft$59/sqft
240-242 Alter Road, Detroit, MI 48215
Multi FamilyProperty Type
3,484 sq ftLot Size
1946Year Built
$59/sq ftPrice 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.
  • Listed by: James B Saros 313.886.9030 jbsaros@sarosres.com Brokerage DRE #6505005532 • Jim Saros Real Estate Services
Listing closed: 03/17/2022 12:00 AM • Source: Realcomp, MLS#: 2210089454

Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By Jim Saros Real Estate Services

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Payment Calculator

$751 per month

30 year fixed, 6.71% Interest

Principal and Interest

$667

Property Taxes

$84

HOA Dues

$0

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Property Information for 240-242 Alter Road

Property Details
  • Taxes: $1,012 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Subdivision Name: WINDMILL POINTE SUB (ALSO P6) (PLATS)
  • Architectural Style: Colonial
  • Waterfront: No
  • Zoning Description: Multi-Family
Building Information
  • Residences: 2
  • Year Built: 1946
  • Lot Size: 0.08 AC / 3,484 SF
Summary
Location and General Information
  • Directions: Take jefferson to alter and turn right.
  • Latitude: 42.363544
  • Longitude: -82.931638
  • Cross Street: S of Jefferson/E of Alter
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W21I062619S001
  • Tax Amount Summer: $929.00
  • Tax Amount Winter: $83.00
  • Tax Annual Amount: $1,012.00
  • Tax Assessed Value: $8,853.00
  • Tax Legal Description: E ALTER S 25 FT 94 WINDMILL POINTE SUB L37 P5 PLATS, W C R 21/521 25 X 135
  • Tax Other Annual Assessment Description: 240
School Information
  • High School District: Detroit
Property
Lot Information
  • Frontage Length: 35.0
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Dimensions: 25.00X135.00
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Feet: 35
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 16300.0
  • Living Area: 2176.0
  • Building Area Total: 2176.0
  • Above Grade Finished Area: 2176.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 600.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Year Built: 1946
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Two
  • Stories Total: 2
Utilities
  • Sewer: Sewer At Street
  • Utilities: Water Available
  • Water Source: Waterat Street
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 2.2
  • Appliances: Gas Water Heater
  • Basement: Private, Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 4
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Water Heater Fuel: Natural Gas
  • UnitThreeBedNumberOf: 2
Multi Family
Multi Family Information
  • Number of Units Total: 2
  • Unit Records: 2
Income & Expenses
  • Gross Scheduled Income: $26,400.00
  • Net Operating Income: $19,800.00
Unit Information
Unit 1
  • Actual Rent: $1,100.00
  • Total Bathrooms: 1
  • Type: Three Bedroom
Unit 2
  • Actual Rent: $1,100.00
  • Total Bathrooms: 1
  • Type: Three Bedroom
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $2,200.00
  • Existing Lease: No
  • Pets Allowed: Call
  • Rent Spree: No

Property History for 240-242 Alter Road

DateEvent & SourcePriceAppreciation
Mar 17, 2022

Sold

Realcomp #2210089454

$129,000
Mar 17, 2022

Sold

MiRealSource #40249440

$129,000
Nov 9, 2021

Contract Signed

Realcomp #2210089454

DateEvent & SourcePrice
03/17/2022

Sold

Realcomp #2210089454

$129,000
03/17/2022

Sold

MiRealSource #40249440

$129,000
11/09/2021

Contract Signed

Realcomp #2210089454

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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Listing Courtesy of Jim Saros Real Estate Services

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