Discover a prime investment opportunity with this four-unit multifamily property located at 5907 Iroquois Street in Detroit. The building comprises three spacious three-bedroom units and one two-bedroom unit, offering a versatile portfolio for potential investors. Current Rental Income: � Unit 1: Three bedrooms, rented at $1,650/month � Unit 2: Three bedrooms, rented at $1,650/month � Unit 3: Two bedrooms, rented at $950/month � Unit 4: Three bedrooms, currently vacant With one unit available, there�s immediate potential to increase revenue by leasing the vacant space. Property Highlights: � Total of 11 bedrooms and 4 bathrooms across all units � Each unit features a comfortable layout suitable for various tenant needs � � Conveniently located near I-94, providing easy access to downtown Detroit, just a 10-minute drive away ? This property presents an excellent opportunity for both seasoned investors and those new to real estate investment. The combination of occupied units generating steady income and a vacant unit ready for occupancy makes this a compelling addition to any portfolio. Financial Overview: � Current monthly rental income: $4,250 � Potential monthly rental income (fully occupied): $5,900 � Annual gross income potential: $70,800 Don�t miss out on this chance to invest in a property with substantial income potential in a prime Detroit location. Contact us today to schedule a viewing or for more information.
Jefferson-Chalmers House Hack-ready brick duplex, the upper flat already with a tenant in place, and income producing. This versatile residence is also ideal for investors looking for a stable and well-maintained home. The main floor offers a welcoming living room with a natural fireplace and pewabic tile, a pristine, vintage kitchen, two bedrooms, and a full bath; newer LVP runs throughout the first floor. The second-floor unit includes two additional bedrooms, a full bath, a second living room, and a kitchen renovated in 2022, LVP throughout, plus a screened balcony looking into Grosse Pointe. Separate rear entrances provide privacy for each level, enhancing rental potential. Recently updated, the home boasts a newer roof, vinyl windows, basement glass block windows, a fully brick exterior, dual furnaces and central AC installed in 2022, a shared hot water tank (2022), and separate electrical panels (2022). Additional features include a fenced backyard, garage with opener, and a partially-finished basement with full bath. Located in the Historic Jefferson-Chalmers District, with parks, boat access, dining at the end of the street, and easy access to the Detroit River, Lake St. Clair, Downtown Detroit, and the Grosse Pointes.
Here is your chance to pick up a great property. All the work has been done for you. New roof, windows, plumbing, HVAC, electrical, etc. A homeowner can live in one unit and rent out the other for income. Great for air b-n-b or group home. The options are endless. The city has invested over 20 million into new streetscapes on Dexter and the surrounding areas. The house has passed all city inspections, rental-certified, and has a certificate of compliance. The property was recently appraised for $235,000. This means you get equity from day one! The buyer will pay a $495 transaction fee to Downtown Realty.
This well-maintained two-family property is a prime investment opportunity. 2311 (unit) is already generating steady income with a lease in place until June 2025. Recent updates throughout the property provide peace of mind and reduced maintenance costs for years to come. Recent Upgrades Include: New Roof (2024) Updated Furnaces (2023) New Water Heater (2023) Upgraded Plumbing (2023) Renovated Bathrooms (2023) Modernized Electrical Systems (2024) The downstairs unit is currently vacant, offering immediate rental income potential or owner-occupancy. With all these upgrades and a competitive price, this property is truly priced to sell! Donââ?¬â?¢t miss out on this fantastic investmentââ?¬â??schedule a showing today!
Welcome to this amazing multi-family home in the highly sought-after Core City neighborhood of Detroit, just waiting for your finishing touches!! This property offers two units, each with its own entrance, perfect for those looking for an investment property to live in while renting out the other. This property features original hard wood floors, with the kitchens and restrooms being tile. The third floor of the home has additional space that can be finished for living or entertaining. Just a few short minutes away from all Downtown Detroit Festivities. Just North of Corktown!! SELLER IS NOW CONSIDERING LC FINANCING WITH AT LEAST 50% DOWN. CALL FOR DETAILS.
This duplex is being sold as-is, where-is. Owner believes that each unit has 2 bedrooms and 1 bathroom, but we are not sure. There is a non-paying tenant in the home, he will not be removed prior to closing. Tenant(s) come with the house and will require an eviction. Please do not approach. No showings will be allowed, owner does not have access to the house because of the tenants/squatters. BATVAI. Agent is related to Seller
This well-maintained 7-unit property is a fantastic investment, with 5 units currently rented and generating steady cash flow. The property offers a mix of 3 one-bedroom units and 4 two-bedroom units, providing great rental versatility. Don�t miss the opportunity to tour this income-producing asset today!
This well-maintained property offers 12 one-bedroom units, all updated in 2022. Tenants enjoy the convenience of on-site laundry facilities, and property management is in place for smooth operations. Tenants are responsible for electricity, while the owner covers gas and water expenses.
Welcome to 15782 Ohio, a Tenant Occupied Brick 2 unit 2 story Colonial Multifamily home located in the Fitzgerald / Marygrove area. Walking distance to the Ella Fitzgerald Greenway Park Path that connects The Marygrove Conservancy to The University of Detroit Mercy area. Home has newer model 3 dimensional design style roof, remote CCTV security monitoring on site and very well maintained original wood highlights throughout. Each unit has a sizable kitchen and separated dining room area. Living room flows into a dining area to be redesigned to marry the kitchen in a lovely union of open floor concept design, a great reward for those with the expertise and know how to do so. Walking distance from Marygrove College, Marygrove Early Education Center and Marygrove Highschool. Located near public transportation, Lollo Park, Ella Fitzgerald Park, Urban League of Detroit & Southeastern Michigan, Mary McLeod Bethune Elementary-Middle School, Grocery stores, The Avenue of Fashion and other fine points of interest. Home is very close to the John C. Lodge Freeway, a direct route to the newly remodeled Downtown Detroit area! Shown by appointment with 48 hour advance notice to qualified buyers, only after offer submission based upon inspection. Please do not approach property without a licensed agent and prior appointment, tenant has legal right to quiet peaceful enjoyment. Home being sold "As Is" with Warranty Deed transfer. Agent related to principle. Buyer representative to verify all information and water read ~ BATVAI ~ 495 office transaction fee buyer payable at closing.
Charming two-story brick multifamily home near Detroit's desirable Boston-Edison and Atkinson Historic Districts, just minutes from Downtown Detroit! This property features two updated 3-bedroom, 1-bath units, each with a blend of historic character and modern updates. The upper unit is currently leased, providing immediate rental income, while the lower unit is vacant and move-in ready, perfect for an owner-occupant or additional rental income. Enjoy the balance of classic Detroit architecture and modern living. This is an ideal investment opportunity with both convenience and style in one!
Welcome to this newly renovated investment gem in Detroit! Situated on the city's sought-after east side, this property offers exceptional versatility, with the option to function as either a duplex or a single-family home. Perfect for investors seeking flexibility, it provides an excellent opportunity to generate rental income or be transformed into a charming single-family residence. With its recent updates and prime location, this property is beaming with potential for both growth and profitability. Don't miss out on this versatile Detroit opportunity! Virtually staged photos. Appliances not included.
Great investment opportunity in Detroit's Nardin Park neighborhood! This brick multifamily home features two units, each with 3 bedrooms and 1 bath. Some updates have been made to the kitchen and bath, offering a solid foundation for further improvements. The bottom-floor tenant is currently in place and can either stay or vacate, depending on the new owner�s plans. Located in a desirable neighborhood, this property is perfect for investors or those looking for a property with rental potential. Don�t miss out on this chance to add value and build equity FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price. Videos available upon request
Great investment opportunity in Detroit's Nardin Park neighborhood! This brick multifamily home features two units, each with 3 bedrooms and 1 bath. Some updates have been made to the kitchen and bath, offering a solid foundation for further improvements. The bottom-floor tenant is currently in place and can either stay or vacate, depending on the new owner's plans. Located in a desirable neighborhood, this property is perfect for investors or those looking for a property with rental potential. Don't miss out on this chance to add value and build equity FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price. Videos available upon request
Discover this beautifully renovated brick multifamily unit featuring 3 spacious bedrooms (each unit) and 2 baths. Perfect for rental income or live in one unit while renting the other. Large dining and living rooms, lot of light from windows, original wood floors. Recent upgrades completed in 2024 include: Electric, plumbing, HVAC system, kitchen and bath remodeled with granite countertops and luxury vinyl flooring in both units. Exterior features: new cement driveway to backyard, newer windows, covered porch and deck, refreshed doors and landscape for home beautification. Fantastic opportunity to invest or own in an upcoming Detroit area. Located few miles outside of Downtown. BATVAI
Spacious two-family flat featuring upper and lower units, each with its own charm and functionality! This property includes a shared basement, a two-car garage, and two fireplaces, adding warmth and character to both units. Perfect for investors or owner-occupants looking to rent out one unit while living in the other. Don�t miss out on this versatile and income-generating opportunity! BATVAI
Unlock the Potential of This Brick Quadruplex Imagine the possibilities with this classic brick quadruplex. Each unit features 2 bedrooms, a living room, dining room, kitchen, and bath, providing comfortable living spaces for tenants. With separate utilities and hardwood floors, this property offers both character and convenience. Don't miss this chance to build equity and secure your financial future.
***Qualifies for Detroit DPA program*** This charming multi-family brick colonial residence beckons with its promise of potential income generation. Boasting two distinct units, each comprising two bedrooms and a full bath, this property offers versatility and convenience. As you step through the separate entries for each unit, you're greeted by the timeless allure of Detroit homes with unit 1 requiring minimal work to occupy. Whether you're seeking a lucrative investment opportunity or considering a multi-generational living arrangement, this property presents an excellent canvas for your vision. Strategically positioned near major thoroughfares such as M-10, I 96 and Davison Highways, commuting to Downtown Detroit is a breeze, with the city's vibrant attractions and employment opportunities just minutes away. Embrace the potential of this property and unlock the possibilities of urban living in one of Detroit's most dynamic neighborhoods. BATVAI.
Calling investors or first time home buyers looking to live close to Downtown Detroit, this home is just 10 minutes from the heart of the city, this versatile property offers fantastic opportunities-whether you're looking to generate income by renting out one unit or planning to use it as an Airbnb as 2 units. Enjoy the convenience of city living with the comfort of a two unit home. It does require some TLC but it's worth putting it in to be in the heart of Detroit. Both units have a second room that can be another bedroom. Don't miss out on this unique investment. CASH ONLY SELL!
Income Property! 2 Family for Sale, Good income potential. 1 owner long term, Fair to Good condition. Newer Windows, 2.5 Boths, Both units have Forced Air! Basement with Laundry hook ups & half bath. I unit is occupied in the lower unit currently rented for $600.00. Numbers are based off the 1 unit thsi it occupied at this time.
Welcome to 14845 Indiana, this is an excellent cashflow opportunity with moderate updates throughout both units. Both units have 2 bedrooms and 1 bathroom and market rate is around 1000 per month. Disclosures will be sent during the due diligence period. For any interest please have your agent inquire through text. *PHOTOS PROVIDED BY SELLER*
Attention investors, 15722 Wisconsin is an excellent cashflow opportunity with moderate updates throughout both units. One unit is a 2 bed 1 bath while the other is 1 bed and 1 bath. Both units are currently occupied at market rate. Do not approach the property and disturb the tenants. Offers are required prior to showing. Disclosures will be sent during the due diligence period. For any interest please have your agent inquire through text. *PHOTOS PROVIDED BY SELLER*
Welcome to 15930 Turner Street! This spacious, 1,856 sq. ft., two-story home boasts classic 1920s charm with modern updates in the heart of Detroit�s Fitzgerald neighborhood. Featuring two bathrooms and ample living space, this property is perfect for homeowners or investors looking for income potential. Set on a 5,227 sq. ft. lot, it includes a sizable yard ideal for outdoor activities. The location offers convenient access to major roads and nearby amenities, including schools and parks, making it a great fit for families or renters looking for Detroit�s emerging neighborhood appeal. Purchaser to pay 395 processing fee. As-is sale. Seller financing / Land contract terms available at 115,000.00 purchase price, 30,000.00 down payment, 8% interest, 120 Months Term. 1,031.00/month. Seller financing / Land contract terms are negotiable.
This charming 2-family, 6 bedroom, 2 bath investor special with� upside potential in major growth area!� Each unit has 3-bedrooms, 1 full bath, Living room, formal dining, and kitchen with separate entrances.� Perfect for one live-in unit, while the second unit pays the mortgage or rent all units as separate or boarding facilities. Upper unit, tenant ready with remodeled kitchen & bath. Additional areas in the attic to convert to livable space, game room, office, additional bedroom or storage.� Close access to freeways, restaurants, shopping and transportation & near� Livernois neighborhood revitalization area. Lower unit currently occupied- no showings on lower unit until offer accepted. Sold AS-IS. B.A.T.V.A.I
Stunning Multi-Family property sitting on a corner DOUBLE LOT in Bagley. Brand new luxury privacy fence installed around the side lot for maximum privacy and curb appeal. Exceptional opportunity to live in one unit and rent the other! This property has undergone a full rehab including new mechanicals and cosmetic upgrades. Two beautifully redesigned kitchens with upgraded cabinetry and quartz countertops, and fully renovated bathrooms featuring stylish fixtures and tile work. Original hardwood floors have been refinished to add a warm, classic touch! Outside, enjoy the convenience and privacy of a fully enclosed lotââ?¬â??perfect for outdoor gatherings, gardening, or simply relaxing. The sprawling campuses of Marygrove College and the University of Detroit are walking distance away! So this could be an ideal unit to turn into student housing. The property sits right on McNichols Rd (6 Mile) where the City of Detroit has poured millions to repave roads, add bike lanes, and has given grants to local businesses. Whether youââ?¬â?¢re looking to invest or make this your own, 17133 Monica is a must-see!
Located in a desirable neighborhood, this property is less than 6 miles from downtown Detroit and conveniently close to I-94. It features a spacious two-unit brick house, with each floor having two bedrooms, one bathroom, a kitchen, and a living room. Recently renovated, it's ready to move in. The property includes an adjacent empty lot that. Don't miss out on this great opportunity. Schedule your showing today!
The median home value in Detroit, MI is $90,500. This is lower than the county median home value of $150,200. The national median home value is $338,100. The average price of homes sold in Detroit, MI is $90,500. Approximately 36.89% of Detroit homes are owned, compared to 39.44% rented, while 23.66% are vacant. Detroit real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Detroit real estate agent to arrange a tour today!
Detroit, Michigan has a population of 645,658. Detroit is less family-centric than the surrounding county with 15.74% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Detroit, Michigan is $34,762. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Detroit is 35 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 33.5 inches per year, with 33 inches of snow per year.