$347,500
For Sale

242 E Palmer #1 & 2

Detroit, MI 48202
1984 sqft | 3 beds | 2 baths | #81024028103
Browse 54 photos
Type:Purchase
Structure:Condo
Zone:Residential

Description

Welcome to Midtown Art Center! Embrace the artsy side of Midtown, where you can walk to the Detroit Institute of Arts (DIA), Wayne State University, CCS, the public library, and the historical museum, while enjoying the tranquility of a true residential neighborhood. This original brick building blends Craftsman and Loft styles and features two garden-level condominiums, currently joined into one expansive living space. Easily revertible to two distinct units, this property offers flexibility and charm. Perfect for an artist's studio or a student investment property! Live in one unit and rent the other out! The main living area of the primary residence includes a welcoming living room, dining area, and a fully equipped kitchen. It features a large bedroom with a washer/dryer and a smallerbedroom used as a home office. A connecting entryway leads to the second unit with a versatile bonus room, currently an art studio with a kiln, plus a bedroom, bathroom, partial kitchen, and washer/dryer hookup. Enjoy easy access to shopping, dining, the Q-Line, and major freeways, along with the NEZ-homestead property tax abatement ensuring long-term financial advantages. Don't miss this chance to own a unique property in Midtown Art Center, offering modern convenience and urban living at its finest.

  • Interior Details
      • CoolingCentral Air
      • HeatingForced Air
    • Beds & Baths
      • Total Baths2.00
      • Bedrooms3
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Exterior FeaturesPrivate Entry
    • Measurements
      • Square Feet1984
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1920
  • Community and Neighborhood Details
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$360,000
  • Other
      • MLS #81024028103

Location

Theresa ColemanReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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