440 Alter Rd - Apartments CONDO FOR SALE


Detroit, MI 48215
$315,000 USD
313-319-1370
440 Alter Rd, Detroit, MI for Sale
$315,000 USD
Apartments CONDO - FOR SALE
1/94
null | Request Cap Rate

440 Alter Rd
Detroit, MI 48215


OVERVIEW

Jefferson-Chalmers House Hack-ready brick duplex, the upper flat already with a tenant in place, and income producing. This versatile residence is also ideal for investors looking for a stable and well-maintained home. The main floor offers a welcoming living room with a natural fireplace and pewabic tile, a pristine, vintage kitchen, two bedrooms, and a full bath; newer LVP runs throughout the first floor. The second-floor unit includes two additional bedrooms, a full bath, a second living room, and a kitchen renovated in 2022, LVP throughout, plus a screened balcony looking into Grosse Pointe. Separate rear entrances provide privacy for each level, enhancing rental potential. Recently updated, the home boasts a newer roof, vinyl windows, basement glass block windows, a fully brick exterior, dual furnaces and central AC installed in 2022, a shared hot water tank (2022), and separate electrical panels (2022). Additional features include a fenced backyard, garage with opener, and a partially-finished basement with full bath. Located in the Historic Jefferson-Chalmers District, with parks, boat access, dining at the end of the street, and easy access to the Detroit River, Lake St. Clair, Downtown Detroit, and the Grosse Pointes.

FOR SALE DETAILS

PRICE

$315,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

1,624 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R2

APN/PARCEL ID

21-062648

ASK ABOUT THIS PROPERTY

Jan DijkersBerkshire Hathaway HomeServices|The Loft WarehouseMore Info
313-319-1370

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Jan DijkersBerkshire Hathaway HomeServices|The Loft WarehouseMore Info
313-319-1370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.