414 HORTON Street, Detroit, MI 48202

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$275,000

bedrooms

bathrooms

square feet

2,581

Acreage

0.07

Open Houses

year built

1906

Full Baths

Half Baths

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Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!

Location
Subdivision	BAGGS SUB PT OF OL 1
County	Wayne
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 20240063139

Listing agent: Gustaf Andreasen

Listing broker: @Properties Detroit (313) 230-0510

Last update: Monday, January 27 2025 at 12:34 p.m. EST

Kotohomes National