Come and invest in a rental property with 4 units, each having 2 bedrooms and 1 bathroom. The basement is a shared common space and is partially finished. It is located 10 minutes from downtown Detroit and is just off I-96. Schedule your showing today.
Welcome to 4910 Whitfield St, a fantastic investment opportunity located just minutes from downtown Detroit, Henry Ford Hospital, and major amenities! This spacious duplex offers two units, each featuring 3 bedrooms and 1 bathroom. Ideal for investors or owner-occupants looking to generate rental income, this property has the potential for Section 8 rents of $1,500 per unit, providing a total monthly cash flow of $3,000. The location is unbeatable with easy access to public transportation, shopping, dining, and entertainment options. Whether you're looking to expand your portfolio or settle into a home with income potential, this duplex is a must-see!
Prime Brick Colonial 4 Unit Multi Family, Income Generating w/ Four 2 Br/1 Ba Units located near Livernois. Move in Ready, Updated in 2022. Within minutes of Wayne State University District, Midtown, Downtown, Detroit Waterfront, Sports & Entertainment District, Detroit Metro & Wayne Country International Airport, Windsor Ontario, and Eastern Market. Make your investment jand be a part of the Detroit Renaissance in Redevelopment. Partially occupied. Street parking for residents. Located along a mass transit connection to area amenities. Please provide pre-approval or proof of funds prior to showings. Do Not Approach or Disturb Tenants.
This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases, and all of them have been long-term, which is why the rents are so low. The building is in good condition with no known needed repairs. all four units have two bedrooms and one bathroom each. there is the laundry room in the basement. All furnaces and hot water tanks are fairly new. The lot next-door also goes with the building. This building is close to all major freeways and only minutes from downtown. There is a $495 admin fee charged to all buyers at closing payable to Rockefeller�s Realty. No showings will be allowed until an offer is accepted. Please do not approach the tenets.
Great investment property..Beautiful brick fully renovated 2 family flat, both units have been completely renovated with new kitchen, bathroom, vinyl flooring through out, fireplace, some new vinyl windows, new furnace, water heater, plumbing and updated electrical. Each unit comes with stainless steel appliances. *Property was recently appraised at VALUE.* Seller is looking for q quick close. Land contract terms are available with large down payment. Property is 15 minutes from downtown Detroit, near shopping and public transportation.
Calling out to all Investors! This is a property you do not want to miss, located near some impressive developments such as the Joe Lewis Greenway & Union Carpenters and Millwrights Skill trades center this property is key on any investors radar looking to add to their portfolio!
This recently renovated multi-family has updated mechanicals, newer roof and windows, and restored floors. Each unit comes with 3 beds and 1 bath. Both upper and lower units are tenanted and paying market rate. Photos were taken before tenants took possession. Schedule your private tour today.
Solid brick, 4 unit apartment building for sale. Each unit consists of living room with fireplace, dining room, updated kitchens, 2 bedrooms and full bath. All units are identical in layouts. Each unit can easily rent Section 8. This building is poised to bring in a healthy return yearly. Separate electric and gas for each unit. One water meter for the building. Low property taxes. This building is perfect for a buy and hold investor looking to start with a multi family project in Detroit! Each unit has been freshly painted.
Seize this incredible investment opportunity with a multifamily property located in a highly desirable suburb of Detroit. This great income-producing property is priced to sell and offers substantial returns on investment.Key Features:Location: Situated in a good suburb of Detroit, providing a prime location for tenants seeking suburban living with easy access to the city's amenities.Income-Producing: This multifamily property is designed to generate consistent rental income, making it an ideal addition to your investment portfolio.Affordable Pricing: Priced at a low cost, this property offers significant value and potential for appreciation.Land Bank Terms: Subject to land bank terms, providing a unique investment opportunity with potential incentives and benefits.
Attention Investors check out this latest offering from the Detroit Land Bank Authority! Welcome to an incredible investment opportunity in the Midwest neighborhood! This two-story full brick colonial property boasts over 3000 square feet of potential, offering versatile living spaces across four units. This property presents a unique opportunity for restoration and renovation, allowing you to unleash its full potential. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests
Fully Renovated Brick Multi-Unit Home This beautifully updated multi-unit property features a fully renovated brick exterior and modern interior. Highlights include: Sectional Basement for added storage and utility space. New Vinyl Planking throughout for a durable and stylish flooring solution. Updated Kitchens & Bathrooms with contemporary finishes. Separate, Newer Furnaces & Hot Water Tanks to ensure efficiency and comfort. Newer Windows that improve insulation and curb appeal. Brand New Heating Ducts for better air circulation. Updated Plumbing for reliability and peace of mind. Income-Generating Upper Unit: Currently leased, providing a steady source of income. Located in a great family neighborhood, you can choose to live in the lower unit or lease it out for additional income. This property is perfect for both investors and homeowners looking to benefit from rental income!
Brick Colonial Multifamily 3 down 2 up INVESTOR SPECIAL!!! Located on the same street as The Union Carpenters And Millwrights Skilled Training Center near the NEW 60,000 square foot, Merit Park Recreation / Fitness Center Project on Grand River / 96 service drive also the NEW Joe Lewis Greenway 27.5 mile bike and walking trail...this is next to it all. Each unit has 2 bedrooms, entry unity has an extra sunroom back porch amenity with own private entrance and the upper unit has an upper balcony amenity for their enjoyment. Upper unit with pass-through bedroom to bathroom access. Forced air heating with separate furnace / heating controls for each unit. Newer model 3 dimensional design roof, some newer model windows also new electric and new basement piping redone. Each unit has a sizable kitchen with separate dining area outside of kitchen. Building has accessible attic area that could be converted into another livable area or unit with the proper City approved build out. Located near The Queens Community Workers Home of Love Center, Michigan International Prep, Hope of Detroit Academy, The Motown Museum, Henry Ford Hospital, city parks, public transportation, major highways, grocers, dining and other merchants of convenience. A few blocks from Historic Grand River Avenue making it a 10 minute straight route to the Downtown Detroit area. Do not approach home without licensed agent and prior appointment. Contact your agent today for a showing, 48 hour advanced notice is required, owner asks for proof of funds with verbal offer prior to access, please call about earlier appointment details. Home being sold "As Is" with warranty deed transfer. Buyer representative to verify all information and water read ~ BATVAI ~ 495 office transaction fee buyer payable at closing.
Freshly renovated 2 family house on great block near Livernois. All new windows throughout. Updated kitchen and bathroom. Move in ready. Great investment opportunity or live in one unit and rent out the other unit. Each unit is 3 bedrooms and 1 bathroom. Upper unit and lower unit. Common water meter. Buyer's agents are welcome.
(((oh))) W(@)W - - LOOK ! Finally I can discover the future of smart investing witha great TURNKEY investor special in the BOOMING city of Detroit: Certified, Rented and VERY Profitable! If you are looking for a hassle-free and lucrative investment opportunity in one of the world's top property markets, this is the deal for you. This property features: A SECTION 8 Tenant - paying $2,200 per month, giving you a secure and steady income stream. 2 Units - both 2 bedrooms with 1 Bathroom A Fully CERTIFIED and UPDATED property - meeting all the city and section 8 standards, saving you time and money on repairs and inspections. A prime location in Detroit, a city that is experiencing a remarkable economic and cultural revival, attracting businesses, tourists and many new residents. With this property you won't have to do anything but collect the rent checks. Property Management by RPI Management & Neighborhood Legal Services of Michigan NO SHOWINGS WITHOUT AN ACCEPTED OFFER. DO NOT DISTURB TENANTS. CONTACT US TODAY TO MAKE THIS PROPERTY YOURS! SELLER HAS 17 SECTION 8 PROPERTIES FOR SALE IF YOU WOULD LIKE TO BUY A PACKAGE. Buyer to pay $495 Compliance Fee to Community Choice Reality. [[ All Section 8 Properties available: 12110 BRAILE, 9129 FORRER, 12930 CANFIELD, 472 WYOMING, 19260 REVERE, 8265 ASHTON, 19751 FENELON, 18671 SHIELDS, 19347 CONLEY, 8666 BURT, 15776 ARDMORE, 12935 PAYTON, 19497 FREELAND, 14070 ROSELAWN, 12035 MENDOTA, 11256 COURVILLE, 19005 GALLAGHER ]]
Great opportunity for experienced investors. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. The Tax Capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
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 48204 has a population of 645,658. Detroit 48204 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 48204 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 48204 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.