Description
Turnkey investment opportunity in Detroit's Dexter-Linwood neighborhood, steps from the historic Boston-Edison district. This well-maintained 2,530 sq ft duplex offers two spacious 2-bedroom, 1-bath units, each benefiting from recent updates and true pride of ownership, including a brand new roof and HVAC system both installed in 2022. A rare find for investors and owner-occupants alike. The lower unit is currently occupied, giving the new owner full flexibility to move in and house hack by living in one side while the other helps cover the mortgage. Based on current area comps, the property carries an estimated combined market rent of $2,800 a month at $1,400 per unit, offering strong cash flow potential from day one. Location seals the deal, with this address sitting minutes from the tree-lined mansion streets of the Boston-Edison Historic District and Voigt Park, and just up the road from New Center, where major investment continues to reshape the corridor, including Henry Ford Health's 1.2-million-square-foot "Destination: Grand" expansion and the Detroit Pistons' upcoming 154-unit apartment development. Wayne State University and Midtown's restaurants, shops, and cultural venues are under two miles away, with downtown Hamtramck's retail and dining scene just a mile east. Whether you're an investor chasing reliable rental income in an appreciating corridor or a first time buyer looking to house hack your way into ownership, this duplex is a compelling play in one of Detroit's most promising submarkets.
Details
| MLS # | 61010846 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 96 |
| Listing Provided By | NATOD Management | Drake O'Donnell |
Features
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 2,530 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.11 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement |
Other
| List Aor | Real Comp |
|---|
Taxes
| Property | 6301 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48206 |
| Area | Detroit (82001) |
| Community Name | Stewart Sub Of Lt 29 |
| Listing VS Median (in Stewart Sub Of Lt 29) | |
Price: $199,995 low | high Med: $194,498 sqft: 2,530 low | high Med: 2,383 $ / sqft: $79 low | high Med: $82 On site: 96 low | high Med: 225.5 | |
Market Activity 48206
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48206 |
| Area | Detroit (82001) |
| Community Name | Stewart Sub Of Lt 29 |
| Listing VS Median (in Stewart Sub Of Lt 29) | |
Price: $199,995 low | high Med: $194,498 sqft: 2,530 low | high Med: 2,383 $ / sqft: $79 low | high Med: $82 On site: 96 low | high Med: 225.5 | |
