5003 Whitfield Street
Detroit, MI 48204

  • – beds
  • 2 baths
  • 2,964 sqft
  • 4,356 sqft lot
  • $67 per sqft
  • 1923 build
  • on site

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HIGHEST AND BEST MONDAY AT NOON. LOCATED 6 MINUTES FROM HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 5003 WHITFIELD NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH A NEWLY INSTALLED FURNACE 2 HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS NEWER ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $1595 AND $1532 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THESE TENANTS PAYS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Realcomp MLS logo Listing courtesy of REALCOMP / Discover Real Estate

Last checked: Checking… • Last updated Apr 30, 2024 •

MLS# 20230037821 —

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Sale history

Date Event Source Price % Change
7/12/23
Sold REALCOMP $200,000
6/24/23
Pending REALCOMP $200,000
5/16/23
Listed / Active REALCOMP $200,000 393.8%

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Multifamily Sold on 7/12/2023

$200,000

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Listing provided by broker:

Discover Real Estate

(586) 770-6565

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IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2024 Realcomp II Ltd. Shareholders

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Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.

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IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

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