8426 VIRGINIA Park $250,000

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    8426 VIRGINIA Park Center Line, MI 48015

    • 0 Beds
    • 2 Baths
    • 1,774 sq. ft.
    • Multi-Family
    • MLS# 60349115
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    Views: 3 Days On Site: 23

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    Property Details

    Discover the perfect blend of comfort and opportunity with this exceptional property! Offering incredible flexibility, this home is currently used as a two-family flat, providing the option to live in one unit and rent out the other, or create the ideal setup for multi-generational living with in-law quarters. Situated on a double lot, there's the potential to split the lot with city approval, making this an excellent investment for future development or expansion. The property boasts a large garage and a full basement, offering ample storage or space for future projects. This home is updated throughout, giving it a fresh, modern feel thatâ‚„¢s both clean and move-in ready. The lower unit is already rented and generating $1,400 in monthly income, with the potential to rent both units for a total of $2,700+ per monthâ‚'offering an immediate income stream and long-term profitability. Whether youâ‚„¢re a homeowner looking to offset your mortgage or an investor seeking a property with strong rental potential, this versatile home delivers. Donâ‚„¢t miss out on this rare opportunity to own a property with so much potential and flexibility!

    • General Features
      • Acreage 0.17
      • Area Municipality Center Line (50024)
      • County Macomb
      • Originating MLS RealComp
      • Ownership Private
      • Structure Style 1 1/2 Story
      • Subdivision ELLIS CENTERLINE
      • Waterfront Y/N No
      • Year Built 1928
      • ZONING Residential
    • Building Features
      • Basement Type Block
      • Exterior Construction Brick
      • FUEL TYPE Natural Gas
      • Foundation Type Basement
      • Heating System Forced Air
    • Property Features
      • Sewer Septic Public Sanitary
      • Roads Paved Street
      • Lot Size 70.00 x 105.00
      • Water Public Water
    • Schools
      • School District Center Line Public Schools

    Neighborhood

    48015 (Center Line) Demographics

    40 Median Age
    4,796 Population Density (per sq. mile)
    25% College Educated
    $45,210 Estimated Median Income
    1,605 Estimated Total Home Owners
    1,852 Estimated Total Renters
    46% / 54% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    8,212 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $196,700 Median Sales Price
    4 Homes Sold
    15 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: $250,000
        10/24/2024 12:21:11 AM Status Changed Source: Multiple Listing Service New Value: Active
        10/22/2024 5:09:00 PM New in Database Source: Multiple Listing Service New Value: $250,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** 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.