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Detroit, MI, 48238 • Oakman • Wayne County
$85/sqft
10Beds
10Baths
7,676Sqft
0.18 acLot
1954Built
Other Style
Built 1954 · 72 years of history
ROBT OAKMANS LIVERNOIS & FORD HWY SUB
Oakman
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Listed 10 days ago · 543 views · 29 saves
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543 views
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29 saves
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10 days on market
Recently listed
$85/sqft
Price per square foot
This home ranks in the top 37% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family · Built 1954
LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 4234 WEST DAVISON NESTLED ON A 7,841 SQUARE FOOT LOT IN THE QUIET “OAKMAN BOULEVARD” NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOASTS 10 ONE BEDROOM APARTMENTS. SHE HAS BEEN CAREFULLY UPGRADED FROM THE BRAND NEW ROOF TEAR OFF DOWN TO EVERY INCH OF ELECTRICAL IN EACH UNIT. IN ADDITION, THIS BEAUTY HAS AN ENTIRE NEW HEATING SYSTEM AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. EVERY UNIT HAS BEEN RECENTLY RENTED TO SECTION 8 TENANTS, MOST ON A 2 YEAR LEASE. THE MONTHLY DIVIDENDS ARE JUST UNDER 10K AT $9,976 AND ARE PAID BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $1,000 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER’S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Standout features identified
Our analysis highlights freshly rolled paint and entire new heating system as key attractions of this home.
Based on current rates
Est. 6.14% rate · 30yr fixed · $520,000 loan
Full calculator →Key facts and listing details
3 categories of property features
Market data and value estimates
2 schools rated nearby
Detroit, MI, 48238
23 events
11 years of records
Local context around this listing
Detroit, MI • Wayne County
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