68 E JAMES Street $349,900

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    68 E JAMES Street River Rouge, MI 48218

    • 0 Beds
    • 4 Baths
    • 3,160 sq. ft.
    • Multi-Family
    • MLS# 60346401
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    Views: 9 Days On Site: 35

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    Property Details

    Turnkey Multi-Unit Investment Opportunity in River Rouge! With fantastic income-generating potential features four fully updated units across two separate structures. The main house offers two spacious 2-bed, 1-bath units, updated kitchens and bathrooms, brand new appliances, and brand new electrical fixtures with new 100 amp electrical service. Both units also boast brand new vinyl windows, new flooring, carpet, and fresh paint throughout. Additional updates include two brand new hot water tanks, two new furnaces, new water supply lines, and glass block windows. The front lower unit features a formal dining room and an enclosed porch, perfect for enjoying the neighborhood, with each unit having a separate entrance for added privacy and convenience. The rear building consists of one 1-bed, 1-bath unit and one 2-bed, 1-bath unit, both featuring updated kitchens and bathrooms, fresh paint, new carpet, and flooring. These units are equipped with high-efficiency Pioneer mini-splits units and offer large, open living spaces that provide excellent rental potential. All units are individually metered for utilities, ensuring ease of management. Located in a desirable, quiet neighborhood, this property sits on a corner lot with ample outdoor space. Minutes from the Gordie Howe Bridge & Downtown Detroit. With easy access to local amenities, schools, parks, major highways, this well-maintained property is ideal for both new and seasoned investors. Certificate of Occupancy at closing. Schedule a showing today!

    • General Features
      • COMMUNITY AMENITIES Laundry Facility,Private Entry
      • Acreage 0.09
      • Area Municipality River Rouge (82144)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Structure Style 2 Story
      • Subdivision LE BLANC AND LABADIE'S SUB
      • Waterfront Y/N No
      • Year Built 1915
      • ZONING Multi-Family
    • Building Features
      • Basement Type Block, Poured
      • Cooling System Ceiling Fan(s), Window Unit(s)
      • Exterior Construction Aluminum, Brick
      • Exterior Features Fenced Yard
      • FUEL TYPE Natural Gas
      • Foundation Type Basement
      • Heating System Forced Air
    • Property Features
      • Sewer Septic Public Sanitary
      • Roads Paved Street
      • Lot Size 38.00 x 100.00
      • PARKING On Street
      • Water Public Water
    • Schools
      • School District River Rouge School District

    Neighborhood

    48218 (River Rouge) Demographics

    35 Median Age
    2,700 Population Density (per sq. mile)
    16% College Educated
    $22,664 Estimated Median Income
    1,654 Estimated Total Home Owners
    1,577 Estimated Total Renters
    51% / 49% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,465 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $51,000 Median Sales Price
    6 Homes Sold
    10 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $349,900
        10/10/2024 5:10:00 PM New in Database Source: Multiple Listing Service New Value: $349,900

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.