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Detroit, MI, 48224 • Morningside • Wayne County
$56/sqft
4Beds
1Baths
1,960Sqft
0.11 acLot
1928Built
Other Style
Built 1928 · 98 years of history
EAST DETROIT DEVELOPMENT COS SUB NO 2 (PLATS)
Morningside
2-Car Garage
Two Car Garage · Detached
This home is getting attention
Listed 1028 days ago · 2 views
Demand and pricing signals for this listing
2 views
People checking out this listing
1028 days on market
Established listing
$56/sqft
Price per square foot
This home ranks in the top 29% of listings most likely to go under contract soon, based on market activity and demand signals.
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Single Family · Built 1928 · Historic
HIGHEST AND BEST TUESDAY AT 5PM. LOCATED 3 MINUTES FROM INFAMOUS EAST ENGLISH VILLAGE, YOU WILL FIND 5601 BUCKINGHAM NESTLED ON A 4,356 SQUARE FOOT LOT IN THE QUIET "MORNINGSIDE" NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOAST 4 FULL BEDROOMS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS A NEWLY INSTALLED FURNACE AND HOT WATER TANK. IN ADDITION, THIS HOME HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT AND PROFESSIONALLY REFINISHED HARDWOOD FLOORS. THIS BEAUTY IS RENTED ON A 2 YEAR LEASE TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1480 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEARLY 22% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 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 brand new electrical, freshly rolled paint, and newly installed furnace as key attractions of this home.
Based on current rates
Est. 6.75% rate · 30yr fixed · $88,000 loan
Full calculator →Key facts and listing details
4 categories of property features
Market data and value estimates
2 schools rated nearby
Detroit, MI, 48224
15 events
20 years of records
Local context around this listing
Detroit, MI • Wayne County
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