c.1910 Affordable Michigan Home With Wow Factor Bathroom Under $50K
$49,900
Wow factor bathroom alert! This affordable Michigan home also offers three bedrooms, hardwood floors, archways, eat-in kitchen, formal dining room, a detached garage, and public water and sewer.
Realtor Comments
INVESTORS This 3 bedroom, 1 bathroom bungalow is located in the SW Detroit Michigan-Martin neighborhood, one of Detroit’s most up-n-coming areas! The home has great bones, including hardwood floors throughout much of the property, but does need some updating. The property features a living room, a spacious dining room, large kitchen, 2 bedrooms, and the bathroom on the main floor, with the 3rd bedroom and a huge unfinished space on the 2nd floor! Located on a quiet, tree-lined street. Would be a great rental property. Quick access to Michigan Ave and I-94. CASH OR HARD MONEY ONLY, NO SELLER FINANCING.
- 3bed
- 1bath
- Circa 1910
3209 Lockwood St, Detroit, MI 48210 $49,900
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Pros
- Cultural Diversity: Detroit boasts a rich cultural scene, including music (especially Motown), art, and culinary diversity, with numerous festivals and events.
- Revitalization Efforts: The city has seen significant investment and revitalization in recent years, particularly in areas like downtown and midtown, improving infrastructure and amenities.
- Affordable Housing: Compared to many major U.S. cities, Detroit offers relatively affordable housing options, making it an attractive choice for homebuyers.
- Sports and Entertainment: Home to professional sports teams (Lions, Tigers, Pistons, Red Wings), theaters, and music venues, Detroit has a vibrant entertainment landscape.
- Historic Importance: Detroit has a rich history, from the automotive industry to civil rights, with many historical sites and museums to explore.
Cons
- Economic Challenges: Despite recent improvements, the city still faces economic issues, including unemployment and poverty in certain areas.
- Crime Rates: Detroit has struggled with higher crime rates compared to national averages, which can be a concern for residents.
- Public Transportation: While there are some public transit options, the system is often considered underdeveloped, making car ownership essential for many.
- Weather: Winters can be harsh, with cold temperatures and significant snowfall, which may not appeal to everyone.
- Urban Decay: Some neighborhoods still show signs of neglect and decline, with abandoned buildings and infrastructure issues.
Family History
In the 1920s to the 1940s, this was the home of John Bonk (1900-1963). John marries Josephine Koznetski (1903-1990) in 1923 and soon after came to live in this home. John, with only a 7th grade education, was a machinist for Screw Products Company. John and Josephine raised their large family here – children Leona, Irene, Eugene, Eleanore, Thomas, Dorothy and Robert.
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Pros and Cons of the Southwest Detroit Neighborhood
Pros
- Cultural Diversity: Southwest Detroit is known for its rich cultural heritage, especially its vibrant Mexican-American community. This diversity is reflected in local festivals, cuisine, and art.
- Affordable Housing: Compared to other parts of Detroit and nearby cities, housing in Southwest Detroit can be more affordable, making it accessible for families and individuals.
- Community Engagement: There are strong community organizations and initiatives aimed at improving the neighborhood, fostering a sense of belonging among residents.
- Access to Amenities: The area has various shops, parks, and recreational facilities. The presence of local markets and restaurants enhances the neighborhood’s charm.
- Proximity to Downtown: Southwest Detroit is conveniently located near downtown Detroit, providing easy access to employment opportunities, entertainment, and cultural events.
Cons
- Economic Challenges: Like many urban neighborhoods, Southwest Detroit faces economic difficulties, including high unemployment rates and limited job opportunities.
- Crime Rates: Certain parts of the neighborhood may experience higher crime rates, which can affect residents’ sense of safety.
- Infrastructure Issues: Some areas may struggle with aging infrastructure, including roads and public transportation options, which can impact daily life.
- Limited Educational Resources: Access to quality schools can be a concern, with some families seeking better educational options outside the neighborhood.
- Gentrification Risks: As interest in the area grows, there are concerns about gentrification, which could lead to rising property values and displacement of long-term residents.
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