226 Hendrie Street, Detroit, Michigan

$499,500

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7

Beds

4

Baths

3,756

Square feet

0.16

Acres

About 226 Hendrie Street

Incredible development/investment opportunity for a historic home in the Detroit Art Center area without the historic district constraints. 3,700+ Sq Ft of living space that includes 7 bedrooms and 3.5 baths with additional common area/flex rooms on each floor. Renovation is well underway and presents a tremendous opportunity for someone to capitalize on its completion. The space is clean and organized for an immediate jump-start to completing your project and can be lived in while doing so. Numerous development projects in the area, both in progress and completed, contribute to a trajectory of increasing values. The location’s proximity to the DIA, WSU, CCS, freeways, mass transit, retail and dining make it superb for rentals. Best of all, this home qualifies for NEZ-R and has already been approved by the City of Detroit and is in the final stages of State issuance of a 15-year tax abatement. The NEZ-R(ehab) certificate will freeze the value of the home prior to the improvements being made for 15 years which translates to extremely low taxes with no homestead requirement. Full documentation to be provided upon offer acceptance. Alley access and rear supports a garage/accessory dwelling unit. Enjoy the photos but come experience the space. If you have a vision, it can be realized here.

Features of 226 Hendrie Street

MLS® # 60123888
Price $499,500
Bedrooms 7
Bathrooms 4.00
Full Baths 3
Half Baths 1
Square Footage 3,756
Acres 0.16
Year Built 1905
Type Residential
Sub-Type Residential
Status Active
Source MLS MiRealSource
Originating MLS RealComp

Community Information

Address 226 Hendrie Street
Area Detroit
Subdivision Corliss & Andrus Sub Of S 1/2 Of Prk Lot 43(plats)
City Detroit
County Wayne
State Michigan
Zip Code 48202 3734

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features DSL Available, Cable Internet Available
Appliances Range/Oven, Refrigerator, Washer, Dishwasher, Dryer, Freezer
Heating Forced Air
Fireplace No
Structure Style More than 2 Stories

Exterior

Exterior Features Porch
Foundation Basement, Slab

School Information

District Detroit City School District

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMax Broock, REALTORS®-Detroit

Listing Map

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