This multifamily fixer-upper is loaded with potential and ready for your vision. With two - 2 bedroom units, the completion of this property can generate cash flow or offer a house hacking opportunity. Some updates are already in motion. Note: The property does need some plumbing repair. Seller is motivated, so set up your viewing and submit an offer to purchase.
Welcome to an excellent investment opportunity! This Multi-Family Triplex is a rare find that could be the perfect addition to your portfolio as a rental, group home, rooms for rent or whatever your imagination conjures. Each unit features one bedroom, one bathroom, and a private basement. Property being sold AS IS and has begun renovations and all it needs is your finishing touches. This property is situated in a convenient location near schools and major roads for easy accessibility and also inside of the "Better Block Detroit G7 Project". There are at least three vacant parcels of land owned by the DLBA that can be purchased separately to add to this property.
Investment opportunity on Detroit's East Side. Brick duplex near City airport. Upper / Lower with 2 br units. Cleaned out and ready for new owner's finishing touches. Kitchens and baths updated. Full basement and 2 car garage. Light rehab needed. Cash or DSCR buyers only.
This multifamily property presents a fantastic investment opportunity, currently featuring one unit rented for $500 below market value. Its prime location and potential for increased rental income offers immediate cash flow and significant upside for savvy investors. The well-maintained units boast desirable amenities and are situated in a thriving neighborhood, making it an attractive choice for both current and future tenants. Don�t miss the chance to capitalize on this exceptional value!
This property includes 12012/12014 Conner both are identical 1 bedroom and 1 full baths with nice sized kitchens and living rooms. Perfect for an investor or a buyer looking to pay their mortgage by leasing the second unit. Each unit is leased for $700/month on a month to month lease. The buyer will receive keys at closing and will have the option to continue with a month to month lease or live in a unit and lease out the other to whomever they choose. The location of this property is minutes from I-94, shopping, and restaurants. This location is perfect to get downtown/suburbs in 10 minutes. Hurry this beauty won't last.
Located 8 minutes from the infamous East English Village District, you will find 17129 Westphalia nestled on a 5,357 square foot lot in a quiet neighborhood of homeowners. This crown jewel boasts a brand new roof to ensure repeat dividends for many years to come. Your apartment complex consists of 4 recently remodeled 1 bed room units. Each unit has been upgraded and has entirely brand new electrical and plumbing to insure maintenance free cash flow. Furthermore the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint and brand new carpet with top of the line underlayment. 3 of the 4 units are leased to section 8 tenants and the monthly dividends are 3,007 all paid by section 8. The tenants pay all utilities, which allows this complex to maintain a near 29 print cash on cash return. This Diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.
Exciting investment opportunity! This property features 2 units with low maintenance month-to-month tenants who have a combined tenancy of 14 years and would like to stay, offering a steady income stream and future return potential. This multi family offers 2 bedrooms and 1 bath in each unit. Bonus: includes a two-car garage. **Tenant occupied** 24 hour notice to show. BATVAI.
MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE MONDAY AT 1PM. Located 8 minutes from Grosse Pointe you will find 14130 Houston Whittier nestled on a 4,000 square foot lot in a quiet neighborhood of homeowners. This crown jewel boast two 3 bedroom units. This home displays newer electrical and plumbing to insure maintenance free cash flow. Other updates include a new roof and has fresh paint. his beauty has just been leased with 2 section 8 tenant and the monthly dividends of 990 and 1587 with a total of 2577/month. This Diamond will be at a lucky owner's fingertips soon! No showings without accepted full list offer.
Beautiful two family remodeled property with basement and detached two car garage.All Appliances are included. Covered Front porch. Fenced Yard. Security system and security doors. Updated bathrooms and Kitchen. Freshly painted. Newer furnace and hot water tanks along with updated electrical. Current tenant occupies both units. Newer Roof. Newer Siding. Great investment opportunity and professionally managed.
Attention Investors check out this latest offering from the Detroit Land Bank Authority! Fire Damaged Property! Welcome to an incredible investment opportunity in the Von Steuben 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. Each unit features two bedrooms and one full bath, providing comfortable living spaces for tenants. 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
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 48205 has a population of 645,658. Detroit 48205 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 48205 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 48205 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.