31 W BARRETT Avenue Madison Heights, MI ^$ 266,500

31 W BARRETT Avenue

^$ 266,500

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31 W BARRETT Avenue

Madison Heights, MI, 48071

^$ 266,500

Studio Baths2.0 Sq 1,584

Monthly Estimate*

^$ 1,862

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Studio

Multi-Family Home for sale in Madison Heights, MI

for $266,500 with 2 full baths. This 1,584 square foot home was built in 1928 on a lot size of 0.1.

This exceptional investment opportunity is conveniently located just minutes away from downtown Royal Oak, with quick access to I-696 and I-75! Featuring two distinct units, each boasting 2 bedrooms and 1 full bathroom, this property is rental certified by Madison Heights. It underwent inspection in April 2023. Front porch was rebuilt and upper unit bathroom was updated in April 2023. Please note that showings are not permitted until an offer has been accepted. Both units are currently tenant occupied until August 2025.

Multi-Family Pending

Price

^$ 266,500

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,245

Style

Lot Size

0.1

Year Built

1928

Town/City

Madison Heights

County/Region

Oakland

MLS | Web ID

60294762

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Pending Pending

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1928

Subdivision SLATER PARK SUB MI

County Oakland

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Madison Heights

Zoning Multi-Family

Structure Style 2 Story

Area Madison Heights (63252)

Primary City Madison Heights

Directions South Of Lincoln / East Of John R

City Madison Heights

School District Madison Public Schools

Street Name BARRETT

Financial Terms Cash Conventional FHA VA

Legal Description T1N R11E SEC 23 SLATER PARK SUB LOT 54

DOM 6

Postal Code 48071

Price Per Sq Ft 168.24

Coming Soon This exceptional investment opportunity is conveniently located just minutes away from downtown Royal Oak with quick access to I-696 and I-75! Featuring two distinct units

Interior

Basement Block

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Aluminum

Frontage 0

Lot Size Area 0.1

Lot Dimensions 40x35

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Andrea Stephan

Listing Agent

The Stephan Group

Broker

andrea@stephangrouprealestate.com

Affordability Calculator

$2,299

Per Month

Monthly Principal & Interest: $1,862
Monthly Property Taxes: $437
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Madison Heights, MI

Average List Price ^$266,500

Percent of Sale Price 0%

About Madison Heights, MI

29,568 Population

-5% Since 2002

^$44,337 Median Income

40.27 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4608369 Elementary School

4608370 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/19/2024	$266,500		Listed Price

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31 W BARRETT Avenue, Madison Heights, MI, 48071 is a Multi-Family Home for sale at $266,500 with 1,584 sqft and a lot size of 0.1. 31 W BARRETT Avenue is a studio with 2.0 baths and was built in 1928. The property's zip code is 48071 which is in Madison Heights, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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31 W BARRETT Avenue

Multi-Family Home for sale in Madison Heights, MI

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