***Qualifies for Detroit DPA program*** This charming multi-family brick colonial residence beckons with its promise of potential income generation. Boasting two distinct units, each comprising two bedrooms and a full bath, this property offers versatility and convenience. As you step through the separate entries for each unit, you're greeted by the timeless allure of Detroit homes with unit 1 requiring minimal work to occupy. Whether you're seeking a lucrative investment opportunity or considering a multi-generational living arrangement, this property presents an excellent canvas for your vision. Strategically positioned near major thoroughfares such as M-10, I 96 and Davison Highways, commuting to Downtown Detroit is a breeze, with the city's vibrant attractions and employment opportunities just minutes away. Embrace the potential of this property and unlock the possibilities of urban living in one of Detroit's most dynamic neighborhoods. BATVAI.
a week ago | Listing updated with changes from the MLS® | |
a week ago | Status changed to Active | |
a month ago | Price changed to $55,000 | |
a month ago | Listing first seen on site |
Provider and Settlement Service | Charge or Range of Charges |
---|---|
Sonic Realty LLC | 1%-6% of purchase price |
Sonic Title Agency, LLC |
Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.) Title Search Fee: $250 - $325 (where applicable) Closing Fee: $450 - $650 |
Sonic Loans Inc. This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing. |
Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees) Loan Discount Fee/points: 0.5%-6% of loan amount. Application/Processing Fee: $0.00 - $875.00 Flood and tax service: $0.00 - $95.00 Underwriting Fee: $0.00 - $1295.00 Document Review Fee: $0.00 - $400.00 Appraisal Fee: $0.00 - $850.00 Credit Report Fee: $0.00 - $135.00 Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing. |
Provider and Settlement Service | Charge or Range of Charges |
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Appraisal Fee | $0-$800 |
Credit Report Fee | $63-$125 |
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