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$ 180,000
Est. payment | /mo
2 Baths
3,920 Sqft Lot
$ 180,000
Est. payment | /mo
2 Baths
3,920 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Detroit City
Subdivision Detroit City
MLS Listing ID 50203837
Year Built 1928
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 3920
Source MiRealSource
Property Description
Incredible opportunity on this duplex! Complete remodel in 2024 including a roof & mechanicals, hot water tanks. Each unit has new appliances included in the sale. Tenant rents are @ $1,150 per month upper and lower was rented for $1,200 and is currently available. Current rents give this property a CAP Rate of 14%!! Great location on the East side bordering Grosse Pointe and near St. John's Hospital and I94 expressway, located one block off Warren Ave. Tenants have access to the basement with laundry area. All conveniences within a couple of miles and will accommodate any tenant. This is property makes an incredible investment and would also be perfect for an owner occupant with tenant. Open to all financing, schedule your viewing today. Possible tenant application in place.
Location
State MI
County Wayne
Area Wayne County - 100
Interior
Heating Forced Air
Exterior
View Y/N No
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by EXP Realty LLC