$58,000 Sold
1101 s patricia street, detroit, MI 48217
Property Description
LOCATED JUST MINUTES FROM THE INFAMOUS CITY OF DEARBORN , YOU WILL FIND 1101 SOUTH PATRICIA NESTLED ON A 3,709 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THE EMPTY HOMES ON THE BLOCK WERE BOUGHT OUT BY MARATHON GAS STATION FOR A MULTI MILLION DOLLAR DEVELOPMENT. THIS COLONIAL CONSISTS OF 4 RECENTLY REMODELED BEDROOMS. IT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING. THIS HOME BOASTS A NEW ROOF, HAS FRESHLY ROLLED PAINT, BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT AND MAINTENANCE FREE VINYL FLOORING. IT WAS JUST LEASED TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS ARE A WHOPPING $1,397 ALL PAID BY SECTION 8. THE TENANT PAYS ALL UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO UNDER $100 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
General Information
Sold Price: $58,000
Price/SqFt: $43
Status: Sold
Date Sold: 12/20/2022
MLS#: 20221060224
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: welch & obriens oakwood park (plats)
Acres: 0.08
Lot Dimensions: 35.00 x 105.00
Bedrooms:4
Bathrooms:1 (1 full, 0 half)
House Size: 1,350 sq.ft.
Acreage: 0.08 est.
Year Built: 1916
Property Type: Single Family
Style: Other
Features & Room Sizes
Paved Road: Paved
Garage: No Garage
Construction: Other
Exterior: Other
Garage: No Garage
Construction: Other
Exterior: Other
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer at Street
Watersource: Water at Street
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer at Street
Watersource: Water at Street
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $6
Est. Winter Taxes: $1
Est. Summer Taxes: $6
Est. Winter Taxes: $1
HOA fees: 0
Legal Description: S PATRICIA 254 WELCH & OBRIENS OAKWOOD PARK SUB L32 P88 PLATS, W C R 20/415 35 X 105
Legal Description: S PATRICIA 254 WELCH & OBRIENS OAKWOOD PARK SUB L32 P88 PLATS, W C R 20/415 35 X 105

IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders Listing By: Marta Kopania of Discover Real Estate, Phone: (586) 770-6565