3250 Richton Street, Detroit, Michigan 48206

$74,900

Great Deal - This property is priced $161,700 below comparable homes in the area.

Property Details

MLS#: 20251059218
Bedrooms: 6
Bathrooms: 2
Square Feet: 2,600
Price per Sqft: $29
Lot Size: 0.1 acres
Year Built: 1926
Property Type: Residential
Status: Active
Days on Market: 35

Market Analysis

Estimated Value (CMA): $236,600
Area Avg Price/Sqft: $91
This Property: $29/sqft ($62 below area average)
Price Position: -68.0% vs comparable homes
Comparable Properties Analyzed: 4

Description

Incredible Investment Opportunity!!!!! This property has already started the hard work for you... Updated rough electrical, new pex ran for water connections, replaced foundation beam, new porch, new drywall throughout ready to be finished. Located just outside of Russell Woods with similar homes ARV in the mid to upper 200's. Be a part of the redevelopment era of Detroit and the city's $8.5M Dexter streetscape investment. Currently a 2 family Flat, Each unit has 3 bedrooms and 1 bath, with FMR Section 8 rents going for $1360. Can creatively be converted into a 5/6 bedroom single family home. You have a blank canvas to design any way you want. Plenty of local shopping and restaurants and easy access to freeways. Schedule your showings and bring your ideas.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 3250 Richton Street?

3250 Richton Street is listed at $74,900, or $29 per square foot.

How many bedrooms does 3250 Richton Street have?

This property has 6 bedrooms and 2 bathrooms, with 2,600 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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