16532 Lauder StreetDetroit, MI 48235

About

This Home

LOCATED 6 MINUTES FROM THE HISTORIC SHERWOOD FOREST AND PALMER PARK DISTRICTS, YOU WILL FIND 16532 LAUDER NESTLED ON A 5,227 SQUARE FOOT LOT IN THE QUIET “HUBBELL-PURITAN” NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOAST 3 SPACIOUS BEDROOMS TO ACCOMODATE THE MOST MONEY CAN BUY. SHE HAS BEEN CAREFULLY UPGRADED FROM THE BRAND NEW ROOF TEAR OFF DOWN TO EVERY INCH OF ELECTRICAL IN EACH UNIT. IN ADDITION, THIS BEAUTY HAS AN ENTIRE NEW HEATING SYSTEM AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT, BRAND NEW CARPET AND LUXURY VINYL WITH TOP OF THE LINE UNDERLAYMENT. THIS PALACE HAS BEEN RECENTLY RENTED TO SECTION 8 TENANTS, AND THE MONTHLY DIVIDENDS OF $1566 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THIS ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER’S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Details

Property Type

Residential

Style

Single Family Residence

Year Built

1925

Lot Size

0.12 acres

Garage Spaces

1

Heating

Forced Air, Natural Gas

Cooling

None

Basement

Partially Finished

Annual Taxes

$2,733

MLS #

20261078704

Gallery