448 Alter Road

1,641 Sq. Ft.
$74 / Sq. Ft.
1,641
Sq. Ft.
$74
per Sq. Ft.

Description

Great investment opportunity, whether you are looking for a turn key income generator or to live in one unit and rent the other to pay the mortgage. Fixed costs are very low. Gas and water combined is approximately $130 a month. Utility bill history available with accepted offer. Separate electrical which tenant pays. Many major updates over the past few years. Updated Kitchens, refinished hardwood floors, all new copper plumbing, upgraded electric, and new concrete driveway. Both units have their...Great investment opportunity, whether you are looking for a turn key income generator or to live in one unit and rent the other to pay the mortgage. Fixed costs are very low. Gas and water combined is approximately $130 a month. Utility bill history available with accepted offer. Separate electrical which tenant pays. Many major updates over the past few years. Updated Kitchens, refinished hardwood floors, all new copper plumbing, upgraded electric, and new concrete driveway. Both units have their own washer and dryer. Both the C of O and city lead inspection have been passed/completed. Lower Unit occupied with long term tenant with excellent rental history. Upper unit vacant for showings but was previously rented at $650 a month. Please DO NOT go on property without appointment!
  1. Listed by Chace Wakefield • Bolton-Johnston Assoc. of G.P.
    P: (313)-884-6400 C: (313)-549-2401 chacewakefield@yahoo.com

Property Details for 448 Alter Road

Architectural Style
1 1/2 Story
Subdivision Name
Windmill Pointe Sub Also P6
Has Waterfront
No
Zoning Description
Residential
LISTING CLOSED: 08/03/2020 12:00 AM

Property Details for 448 Alter Road

StatusClosed
MLS #31399230
Days on Market103
Taxes$1,535 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1951
Lot Size-
CountyWayne County

Location

Listing Courtesy of Bolton-Johnston Assoc. of G.P.

Sold By Pro Realty

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Building Information for 448 Alter Road

Stories2Residences2Year Built1951Building Size-Lot Size-

Payment Calculator

$748 per month

30 year fixed, 6.55% Interest

Principal and Interest

$620

Property Taxes

$128

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 448 Alter Road

Summary
Location and General Information
  • Cross Street: Jefferson
  • Latitude: 42.367899
  • Longitude: -82.934531
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: 21062650.
  • Tax Annual Amount: $1,535.00
  • Tax Year: 2018
Parking
  • Garage: Yes
  • Parking Features: Detached
Property
Lot Information
  • Frontage Length: 50.0
  • Road Responsibility: Public Maintained Road
Property and Assessments
  • Above Grade Finished Area: 1641.0
  • Building Area Total: 1641.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1951
Building Features
  • Construction Materials: Cedar
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: Sidewalks, Street Lights
  • Fencing: Fenced
  • Patio And Porch Features: Patio
Interior Features
  • Appliances: Dryer, Refrigerator, Trash Compactor, Gas Water Heater, Water Softener Rented
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Cooling: Central Air
  • Has Cooling: Yes
  • Has Fireplace: No
  • Flooring: Hardwood
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Laundry Features: Upper Level
  • Water Heater: Gas
Multi Family
Multi Family Information
  • Number Of Units Total: 2

Property History for 448 Alter Road

DateEvent & SourcePriceAppreciation
Aug 3, 2020

Sold (Public Record)

Public Record #681793286

$121,900
Aug 3, 2020

Sold

MiRealSource #31399230

$121,900
Jun 18, 2020

Contract Signed

MiRealSource #31399230

DateEvent & SourcePrice
08/03/2020

Sold (Public Record)

Public Record #681793286

$121,900
08/03/2020

Sold

MiRealSource #31399230

$121,900
06/18/2020

Contract Signed

MiRealSource #31399230

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

Public Records for 448 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2023$2,395 ($200 / month)
Home Facts
Baths2Total Finished SqFt1,488 SqFtAbove Grade Finished SqFt1,488 SqFtStories2Lot Size6,970 SqFtStyleMulti-Family Dwelling (2-4)Year Built1951ZoningR2CountyWAYNEAPN21062650.

Schools near 448 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 Bolton-Johnston Assoc. of G.P.

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