This property is in need of a little TLC. Great investment opportunity! Plans available for multi-unit construction.
Looking for your next investment property that is going to give you an immediate return on your investment?!? This beautifully remodeled two-family flat is a must-see. Located in the historic North End Neighborhood and just a minutes walk away from Arden Park, the location is ideal and you cannot beat it for the price. Both units went through a full remodel in 2022 including NEW roof, NEW kitchen flooring, NEW plumbing, NEW HVAC, updated kitchen with modern countertops. Every inch of each unit was completely redone so there is no major expenses for renovations that will need to be done. Both tenants currently pay under market rent so there is an immediate opportunity for you to increase your monthly earnings. The estimated market rent is 1,300 per unit. If you're looking to expand your rental portfolio or jump into real estate investing, this one is well worth considering.
4 unit Investment Opportunity in the heart of Detroit. Located in the Piety Hill neighborhood, this brick building has a lot of potential. Conveniently located between Woodward Ave and John C Lodge Freeway, just blocks from the beautiful new Clairmount Center, this property will appreciate for years to come. 5 minutes from Midtown! Join the many investors on Clairmount Ave breathing life into the city. BATVAI Building in need of structural work, enter with caution
Discover this beautifully renovated income-producing duplex, perfectly situated in the vibrant North End neighborhood of Detroit. This property offers an excellent investment opportunity with two distinct units, each featuring modern updates while preserving the charm of the area. Fun fact this is Diana Ross childhood home. Don't miss out this opportunity to add to your portfolio or house hack!
Welcome to this beautifully renovated duplex, located in the heart of Detroit's Cultural Center! This spacious 3 unit investment property blends modern amenities with classic charm, featuring brand-new stainless steel appliances, and on-site laundry for your convenience. First 2 floors are 3 bed 1 bath units with spacious bedrooms and living spaces, 3rd floor is a studio unit with a kitchen and full bathroom, can be turned into a triplex. Everything in this property has been completely renovated and brand new including appliances, hot water heaters, furnace, and washers/dryers. Outside space is free parking in the backyard with new paved patio. Ready to rent immediately for income investors. Just a short walk to the Detroit Institute of Arts (DIA), local restaurants, grocery stores, and both Henry Ford and DMC hospitals, you'll enjoy the best of city living. Perfect for professionals or anyone looking to be close to it all! PROPERTY IS BEING SOLD 316/314 HENDRIE
Welcome to 625 Horton Street! With its comprehensive top-to-bottom renovation boasting newly upgraded soffits, windows, electrical, plumbing, and paint this property ensures a modern and worry-free living experience. The 2 units, each approx 1073 sqft, feature identical layouts with well-designed kitchens equipped with stainless steel appls, ample cabinet storage, generous counter space, stylish tile backsplash, and luxurious marble-tiled floors. The spacious living rms are illuminated w/recessed lighting, creating a welcoming atmosphere. Add'l storage space in both the bsmt & attic. Whether you're an investor seeking a turnkey property or a buyer looking to reside in one unit while renting out the other, this move-in-ready multi family home offers both comfort & financial potential.
This beautifully transformed building in the North End of Detroit includes four impeccably renovated condos with modern layouts and finishes, currently generating strong rents due to their thoughtful design and high-quality finishes. All utilities are separately metered, ensuring ease of management for future owners. The sale includes an adjacent lot at 455 E Philadelphia St (Parcel Number 01002632), offering great potential for future development or use as a tenant amenity to further boost rental income. Contributing to the� investment potential, the� surrounding area is experiencing significant growth, including developments like The Beauton (retail and residential), newly built townhomes on Marston and John R, and the Detroit Food Commons. This property offers immense investment flexibility: With North End property values appreciating consistently and the area dotted with development at every turn, you can reap the rewards of above-market rents while maintaining the freedom to sell individual units at any time. Additionally, you have the option to develop the adjacent lot, further enhancing the long-term potential of this investment. The property was recently converted to condos and are individually identified as follows: â�¢ 458 Hague Unit 1: 01002633001 â�¢ 458 Hague Unit 2: 01002633002 â�¢ 458 Hague Unit 3: 01002633003 â�¢ 458 Hague Unit 4: 01002633004
Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!
Buyer got cold feet 5 days before closing. INSPECTION PASS, APPRAISAL CAME AT VALUE WITH NO REPAIRS. RARE FIND! 4 bedroom and 2 bath ON EACH UNIT. Many updates such as new flooring, new carpet, new plumbing, new electric, new roof in 2021, hvac updated, new hot water tanks. BOTH UNITS RENTED OUT AT 1400 EACH. 1500 EACH WITH NEW OWNERS Certificate of compliance from city. Great opportunity for investors or house hack.
The median home value in Detroit, MI is $71,600. 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 $71,600. 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 48202 has a population of 645,658. Detroit 48202 is less family-centric than the surrounding county with 16.17% 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 48202 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 48202 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.