LOCATED 5 MINUTES FROM THE INFAMOUS PALMER PARK HISTORIC DISTRICT, YOU WILL FIND 240 WEST GOLDEN GATE NESTLED ON A 6,534 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS TRIPLEX CONSISTS OF 3 RECENTLY REMODELED SECTION 8 UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND MAINTENANCE FREE FLOORING. THE UNITS ARE ALL LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE $3255 PAID BY SECTION 8. THE TENANTS PAY ALL UTILITIES WITH CENTRAL HEAT, WHICH ALLOWS THIS COMPLEX TO MAINTAIN A NEAR 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $250 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Sold for $160,000
$160,000
240 W Golden Gate, Highland Park, MI 48203
4beds
2,700sqft
Multi Family
Built in 1928
-- sqft lot
$176,900 Zestimate®
$59/sqft
$1,311 Estimated rent
Home value
$176,900
$154,000 - $202,000
$1,311/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Marta Kopania 734-301-6553,
1st Michigan Real Estate
Bought with:
Lynn G Miller, 6502353735
Prestige Realty International
Source: Realcomp II,MLS#: 20230052767
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Hot Water, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,700 sqft
- Finished area above ground: 2,700
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 6,534 Square Feet
- Dimensions: 60.00 x 111.00
Details
- Parcel number: W01I006423C4
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1928
- Major remodel year: 2023
Utilities & green energy
- Sewer: Sewer At Street
- Water: Waterat Street
Community & HOA
Community
- Subdivision: JAMES E O'FLAHERTYS LOG CABIN
Location
- Region: Highland Park
Financial & listing details
- Price per square foot: $59/sqft
- Tax assessed value: $29,800
- Annual tax amount: $2,589
- Date on market: 6/29/2023
- Cumulative days on market: 211 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Exclusions: Exclusion(s) Do Not Exist
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2023 | Sold | $160,000-5.8%$59/sqft |
Source:  Realcomp II #20230052767 Report a problem | ||
| 9/1/2023 | Pending sale | $169,900$63/sqft |
Source: Realcomp II #20230052767 Report a problem | ||
| 8/20/2023 | Price change | $169,900-2.9%$63/sqft |
Source: Realcomp II #20230052767 Report a problem | ||
| 8/11/2023 | Price change | $175,000-2.7%$65/sqft |
Source: Realcomp II #20230052767 Report a problem | ||
| 7/17/2023 | Price change | $179,900-5.3%$67/sqft |
Source: Realcomp II #20230052767 Report a problem | ||
| 7/12/2023 | Price change | $190,000+2.7%$70/sqft |
Source: Realcomp II #20230052767 Report a problem | ||
| 6/29/2023 | Listed for sale | $185,000$69/sqft |
Source: Realcomp II #20230052767 Report a problem | ||
| 6/21/2023 | Listing removed | $185,000$69/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 5/20/2023 | Price change | $185,000-2.6%$69/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 5/15/2023 | Price change | $189,990-2.6%$70/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 5/12/2023 | Price change | $195,000-2.5%$72/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 5/3/2023 | Listed for sale | $200,000+8.1%$74/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 4/11/2023 | Listing removed | -- |
Source: Realcomp II #20230008134 Report a problem | ||
| 4/5/2023 | Contingent | $185,000$69/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 3/4/2023 | Pending sale | $185,000$69/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 3/1/2023 | Price change | $185,000-2.6%$69/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 2/21/2023 | Pending sale | $189,900$70/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 2/19/2023 | Price change | $189,900-5.1%$70/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 2/2/2023 | Listed for sale | $200,000-9.1%$74/sqft |
Source: Realcomp II #20230008134 Report a problem | ||
| 1/12/2023 | Listing removed | -- |
Source: Realcomp II #20221047126 Report a problem | ||
| 1/11/2023 | Listed for sale | $220,000$81/sqft |
Source: Realcomp II #20221047126 Report a problem | ||
| 11/23/2022 | Pending sale | $220,000$81/sqft |
Source: Realcomp II #20221047126 Report a problem | ||
| 9/29/2022 | Listed for sale | $220,000+780%$81/sqft |
Source: Realcomp II #20221047126 Report a problem | ||
| 6/17/2021 | Sold | $25,000+177.8%$9/sqft |
Source: Public Record Report a problem | ||
| 1/22/2010 | Sold | $9,000-86.8%$3/sqft |
Source: Agent Provided Report a problem | ||
| 8/24/2009 | Listing removed | $68,000$25/sqft |
Source: GREATER MICHIGAN REALTY LLC #29032749 Report a problem | ||
| 8/1/2009 | Price change | $68,000+38.8%$25/sqft |
Source: GREATER MICHIGAN REALTY LLC #29032749 Report a problem | ||
| 7/31/2009 | Listed for sale | $49,000$18/sqft |
Source: GREATER MICHIGAN REALTY LLC #29032749 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $43,400 +29.2% |
| 2024 | -- | $33,600 +12.8% |
| 2023 | -- | $29,800 +16.9% |
| 2022 | -- | $25,500 +8.5% |
| 2021 | -- | $23,500 |
| 2020 | $2,903 +166.5% | $23,500 +20.5% |
| 2019 | $1,089 | $19,500 +14.7% |
| 2018 | $1,089 | $17,000 +9.7% |
| 2017 | -- | $15,500 -61.8% |
| 2016 | $1,602 | $40,600 +269.1% |
| 2015 | $1,602 +24.3% | $11,000 -14.6% |
| 2013 | $1,289 -19.6% | $12,885 -31.8% |
| 2010 | $1,602 | $18,891 -18% |
| 2009 | -- | $23,038 -15% |
| 2008 | -- | $27,104 -5% |
| 2007 | -- | $28,530 +5.5% |
| 2005 | $151 | $27,043 +3% |
| 2004 | -- | $26,255 |
Find assessor info on the county website
Neighborhood: Chaldean Town
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GreatSchools rating
- 5/10Greenfield Union Elementary-Middle SchoolGrades: 1-8Distance: 0.3 mi
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Estimated market value
$176,900
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Estimated market value
$176,900
- Michigan
- Wayne County
- Detroit
- 48203
- Chaldean Town
- 240 W Golden Gate
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