Description
Incredible Turn-Key Investment Opportunity or House-Hacking Potential! Welcome to this income-generating multifamily property perfectly located just minutes from Downtown Detroit. This well-maintained duplex features two distinct units, providing immediate cash flow. The spacious lower unit offers 2 bedrooms and 1 bathroom, currently renting for $800/mo. The charming upper unit features 1 bedroom and 1 bathroom, currently renting for $750/mo. Both units have substantial value-add potential, with fair market rents in the immediate area averaging $1,000-$1,200 per unit!Major capital improvements have already been done for you, including two brand-new furnaces installed within the last two years, newer updated plumbing, and windows that are only 5 years old. Property features a low-maintenance yard with no garage to maintain. Unbeatable location with quick access to major freeways and local shopping hubs. Don't miss out on adding this Detroit gem to your portfolio! Duplex structure. Do not disturb tenants. Lower unit currently occupied at $800/mo and paying month to month. Upper unit occupied at $750/mo (Contract ends in February 2027). Both leases have room to be adjusted to fair market value ($1,000-$1,200/mo). Upgrades include 2 new furnaces (approx. 2 years old), newer plumbing, and 5-year-old windows. Low maintenance with no garage. Perfect for an investor or a buyer looking to house-hack. BATVAI (Buyer's Agent to Verify All Information). Schedule showings via ShowingTime with 12-24 hour notice required.
Details
| MLS # | 20261036812 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 151 |
| Listing Provided By | RE/MAX Dream Properties | Dwayne Robinson |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 1,540 |
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Zoning | Multi-Family |
| Acreage | 0.08 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
Exterior
| Construction Materials | Shingle Siding |
|---|---|
| Foundation Details | Basement, Poured |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Taxes
| Tax Annual Amount | 797 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48205 |
| Area | Det |
| Community Name | ELITE GARDENS |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in ELITE GARDENS) | |
Price: $67,500 low | high Med: $67,500 sqft: 1,540 low | high Med: 1,540 $ / sqft: $44 low | high Med: $44 On site: 151 low | high Med: 151 | |
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48205 |
| Area | Det |
| Community Name | ELITE GARDENS |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in ELITE GARDENS) | |
Price: $67,500 low | high Med: $67,500 sqft: 1,540 low | high Med: 1,540 $ / sqft: $44 low | high Med: $44 On site: 151 low | high Med: 151 | |
