449 Evelyn Avenue, Hazel Park, Michigan 48030

$205,000

Property Details

MLS#: 20251057915
Bedrooms: N/A
Bathrooms: 2
Square Feet: 1,134
Price per Sqft: $181
Lot Size: 0.07 acres
Year Built: 1925
Property Type: ResidentialIncome
Status: Active
Days on Market: 34

Description

This charming multi-family home located at 449 W Evelyn Ave, Hazel Park, MI, built in 1925, is full of character and potential, now offering an immediate, solid return on investment. Investor Highlights: Fully Occupied & Income-Producing: Both units are currently rented, generating a total gross monthly income of $2,000 ($24,000 annually). Approximate Investment Yield: Based on a list price of $190,000 (MLS# 20251057915), the gross annual rental income represents an approximate 12.6% Gross Cap Rate ($24,000 / $190,000). This calculation does not include operating expenses (taxes, insurance, utilities, maintenance, etc.) and is provided for preliminary financial comparison. The property features 2 bathrooms and a total finished area of 1,134 sq.ft. The home spans 2 stories and sits on a lot size of 3,049.2 sq.ft., providing plenty of outdoor space for relaxing and entertaining. With its vintage charm and spacious layout, this property offers a unique and compelling opportunity for seasoned investors or those looking to begin their real estate portfolio. The home's central location in Hazel Park provides easy access to local amenities, popular restaurants, and neighborhood parks. Don't miss out on this historic, income-generating gem – schedule a showing today to see all that this property has to offer!

Location

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

Frequently Asked Questions

What is the price of 449 Evelyn Avenue?

449 Evelyn Avenue is listed at $205,000, or $181 per square foot.

How many bedrooms does 449 Evelyn Avenue have?

This property has N/A bedrooms and 2 bathrooms, with 1,134 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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