Investorâ��s Dream in Detroitâ��s Thriving Community! Located in a desirable area south of Davison and west of Linwood, this spacious 2-family brick flat at 2741 Monterey Street is a unique investment opportunity you wonâ��t want to miss. Each unit offers generous living space and versatile layouts, perfect for rental income or multi-generational living. Each unit are very large and spacious totaling 1525 sq ft each with 3 bedrooms and 1 bath. The basement is divided for tenant privacy. You can rent each one with a section 8 tenant for $1600 a month for a total of $3200 a month incoming stream. That's a total of $38,400 a year. The first-floor unit features a bright living room (16x13), a formal dining room (13x12), a kitchen with an adjoining breakfast nook (10x4), and three spacious bedrooms (13x9, 11x10, 12x10). Upstairs, the second unit mirrors this layout with a slightly larger living room (18x12), providing ample room for comfort and flexibility. Set on a 35x120 lot, this property boasts a solid brick exterior with classic Detroit architectural charm. This property is one block away from Dexter where major developments are in motion like the Dexter Streetscape, Dexter Elmhurst Community Center (n.k.a., Helen Moore Community Center) renovation and new Park, Park & Open Space Improvements (Since 2021 to Date- Zussman, Russell Woods, Nardin Park, Dexter Tree Planting), Fa�§ade Improvement Projects, Dexter Mural Program and the Dexter Pop Up. Ask for the PDF doc of DEXTER AVE INVESTMENTS. Located near major roads, local schools, and minutes from the cityâ��s key attractions, 2741 Monterey Street is a promising investment for any investor looking to capitalize on Detroitâ��s growing rental market. "This property has cameras inside and outside the premises"
This well-maintained multi-family home offers the perfect blend of original character and modern convenience. Located in a desirable, thriving neighborhood, this property features spacious living with approximately 1,425 square feet in each unit. The first-floor unit boasts three bedrooms, while the upper-level unit offers two bedrooms that can easily be converted back to three, providing flexibility for growing families or additional rental income. Both units include large formal dining rooms, ideal for hosting gatherings and enjoying meals with loved ones. Both kitchens have been thoughtfully updated with contemporary finishes and appliances, making cooking and entertaining a breeze. Exposed hardwood floors throughout the lower unit, with additional hardwood beneath carpeted areas on the upper unit. Each unit also features a cozy natural fireplace or enjoy the outdoors from the screened front porches on both levels. Each unit has separate utilities, including newer boilers, ensuring efficient and independent living for each household and glass block windows in the unfinished basement. Also included are the roll-down window shutters on the back of the home for added security. The property also includes a large fenced-in 35x139 vacant lot, perfect for gardening, play, or future development. Ample Parking offering a three-car garage provides plenty of space for vehicles or additional storage. This property combines classic charm with modern amenities, offering a wonderful opportunity for both owner-occupants and investors. Don't miss out on this unique find!
Exceptional investment opportunity in this fully updated multi-family duplex, featuring two spacious 3-bedroom, 1-bathroom units. Each beautifully updated with brand new flooring, fresh paint, countertops, and cabinets. This property boasts a new roof, water heater, and furnace, ensuring modern efficiency and comfort. Recessed lighting throughout creates a warm, inviting ambiance in every room, while a shared basement offers extra storage. Seller is offering a generous 20,000 credit towards driveway and landscape repairs, making this property an ideal choice for immediate occupancy or rental income. Don't miss out on this unique offering!
Fantastic investment opportunity in Detroit! This all-brick colonial duplex features two spacious units, each offering three bedrooms, one full bathroom, and separate basements. Utilities are separate, with the exception of water. Driveway parking is available, adding to the convenience for tenants. A solid property ready to generate rental incomeââ?¬â??don't miss out on this great opportunity!
Four-unit brick building. Each unit features two bedrooms and one bathroom, spanning two stories, with storage and laundry capabilities in the basement. The property is a certified Detroit rental. It is currently tenant-occupied but can be delivered vacant at closing.
This spacious 5-bed, 2-bath multi-family home with a garage offers incredible potential for the savvy investor. While the home features dated windows, furnace, and hot water system, and requires updates to the knob and tube wiring, there are no structural issues. The roof, only 5 years old, adds significant value. The property has an After Repair Value (ARV) of $200K, making it a strong investment with mainly cosmetic and electrical updates needed. The flexible layout includes two kitchens, making it ideal for a multi-family setup. Located in Detroit's historic Dexter-Linwood neighborhood, right off Dexter Ave, this home is close to the Boston-Edison Historic District, New Center, the Detroit Golf Club, and major roadways like the John C. Lodge Freeway and Livernois Avenue, providing quick access to downtown Detroit. Don't miss this fantastic investment opportunity! 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.
Investors look no further than right here! PRIME LOCATION!This 2 unit property is an excellent rehab opportunity, this diamond in the rough sits between the historic Boston Edison and Lasalle Gardens/Virginia Park neighborhoods and New Center-Midtown area. Right around the corner from THE CONGREGATION DETROIT, minutes from downtown Detroit and right around the corner from Henry Ford Hospital. You can rent both units or live in one and rent the other. Full rehab and clean-out need on this one bring you imagination! This is a CASH ONLY OFFER, SOLD AS IS, all offers must have proof of funds attached. Buyers agent must be present for all showings.
Investment opportunity available on the Westside Detroit. 2 family flat. Partially updated.
INVESTORS: MULTI FAMILY FOR SALE. SALE AS-IS. SELLER NEVER LIVED IN THE HOUSE
Opportunity to restore one of the last large elevator multifamily buildings in Detroit. Historic 33 unit with built out storefronts in the rapidly developing Dexter Corridor. Recently awarded over 30 million in grants this area surrounds Historic Russell Woods and is currently undergoing a massive street scape and infrastructure revitalization. The 27.5 mile Joe Louis Greenway will run through the Dexter Linwood corridor spurring additional retail and mixed use development for years to come. EV Charging stations, new water lines, extensive landscaping and areas for pedestrian walkways and retail currently in progress. Minutes away from New Center, The Fisher, Henry Ford Hospital and Police Headquarters, fifteen minutes from the Downtown Riverfront and Ferndale and Royal Oak to the north. 26 one bedroom apartments, six two bedrooms and a Super's unit on the garden level. This building was built for luxury and elegance with detailed marble and tile work that can be saved. This building is a FULL Rehab but even with moderate finishes and upgrades this building will be highly rentable at market rates, especially recent grads and relocations moving to Detroit for work and priced out of downtown and the suburbs. Here is a chance to make your mark on the city everyone is watching and get established before the area is priced out. BATVAI
Great Investment opportunity as a blank slate property, 4 units, 2 bed one bath with in unit laundry Significant structural and framing work done to property in recent years, new roof, newer windows and doors. Property is secure. In need of all systems and finishes. Quotes in hand for plumbing and electrical with licensed contractors. Plumbing and Electrical in building currently needs to be redone Call listing agent for more information. Very similar property two doors down recently sold for $380,000
Calling all Investors Come add this Multi Family Unit to your Portfolio . Located close to the Russell Woods Community , close to major freeways and minutes from downtown Detroit. Lower unit currently occupied, Units are 3bed 1 bath with no lease in place tenants can remain or move out .
Calling all Fix and Flippers, House Hackers, Air BnB Host and Rehabbers. We have a great Investor special with loads of opportunity... 3 bedroom Duplex in a up and coming area. Roughly a mile from Henry Ford Hospital, Motown Museum and the New Center area. There's a ton of Commerical, as well as, residential construction buzzing all around this area. One half of the duplex has been gutted down to the studs and the other half has been cleaned out. Although this project needs a full gut renovation, the bones of the structure is solid and the property values are climbing. The Sellers torn down the old un-safe porches on each side and had new porches built. Now you can take it from there. Don't miss out on this one!
GREAT INVESTMENT OPPORTUNITY FOR BOTH SHORT AND LONG TERM INVESTORS. 4 FAMILY UNIT WITH TWO BEDROOMS IN EACH UNIT. PARTIALLY OCCUPIED. ABSOLUTELY NO LAND CONTRACTS. LIVING ROOM AND DINING ROOM ARE SEPARATE IN EACH UNIT. BASEMENT IS SPLIT IN TWO AND SHARED BY UPPER LOWER UNITS ON EACH RESPECTIVE SIDE OF PROPERTY. ALL UNITS HAVE FRONT PORCH. ONE MAIN ENTRY DOOR INTO THE BUILDING. NEW BRICKWORK ON FRONT PORCH. SEPARATE UTILITY METERS FOR ALL UNITS. SOLD AS-IS. BRAND NEW FRONT DOOR WITH ELECTRONIC LOCKS FOR ALL UNITS. ALL UPDATED PLUMBING AS OF 2023. 3 OF 4 UNITS FRESHLY PAINTED WITH NUMEROUS UPGRADES.
Investor Special: Charming 2-Unit Brick Townhouse in Midtown Detroit**Welcome to this exceptional 2-unit brick townhouse, an ideal investment opportunity in the vibrant Midtown Detroit neighborhood. Each spacious unit offers 1,250 square feet of living space, featuring 3 bedrooms and 1 bathroom.**Key Features:**- **Newer HVAC System**: Enjoy reliable and efficient heating and cooling.- **Beautiful Hardwood Floors**: Adds warmth and character to each unit.- **Generous Space**: Each unit boasts a generous 1,250 sqft layout.- **Prime Location**: Situated in the bustling Midtown Detroit area, close to shops, dining, and entertainment.Perfect for investors looking to capitalize on the thriving Detroit real estate market, this property promises strong rental potential and l
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.
**INVESTORS** This Virginia Park 2-family property has been completely remodeled from top to bottom and is ready for its new owner! The property features two units, each w/ 1,274 sq. ft., 3 bedrooms, 1 bathroom, a spacious living room, dining room, and kitchen! The upper unit is currently leased @ $1,700/month through 8/31/2025 and the lower unit is rented for $1,400/month thru 9/30/2024! The kitchens feature white shaker cabinets, butcher block counter-tops, and will include a full suite of stainless steel appliances, while the bathrooms feature beautiful new tile, trendy fixtures, and a large double vanity! The 2nd floor unit features a massive, additional room on the 3rd floor that would be perfect for a home gym, office, or entertainment room! Other updates include all-new romex wiring, a new 3D architectural shingle roof, new vinyl windows, new PEX & PVC plumbing, forced air heating, electric on-demand water heaters, beautifully refinished hardwood floors, and so much more! Small 1-car garage is located out back off of the alley. Gas and electric are metered separately, water is on 1 meter. Located less than 1/4 mile from the neighborhood hot spot, The Congregation, as well as close to New Center and all that it has to offer! You can enjoy the summer evenings on an expansive, covered front porch or upper unit balcony, and the vacant lots across the street may be available for purchase from the Detroit Land Bank! Finally, the La Salle Gardens/Virginia Park neighborhoods are some of the fastest growing areas of the city, with over $3.5 BILLION in developments slated to happen over the next 5 years! No FHA at this time. NO SELLER FINANCING.
**OPPORTUNITY** Investors, here is your next rehab project! Turn this 2 unit property into a cash flow machine; each unit features a spacious living room, dining room, kitchen, bathroom, and 2 bedrooms! The property did have a relatively small fire in one of the upper bedrooms but the damage was contained. The property does have hardwood flooring that may be salvageable, forced air heating, and some vinyl windows in the first floor unit that could probably be saved! Sec 8 rents for a property like this should be $1,100-1,200/month per unit, with cash paying tenants paying slightly less. Located in the 48306 zip code where there are too many redevelopment and development projects to list! Quick access to M-10 so 10 minutes or less to downtown! NO SELLER FINANCING, CASH OR HARD MONEY ONLY
Welcome to the latest offering from the Detroit Land Bank Authority. 4 unit brick Quadruplex in an up and coming development area. Property also includes 2 vacant lots 3784 and 3766 W. Boston on either side of the building for even more expansion possibilities. Show with caution because property needs a complete rehab. Vacant lots bundled with structures need to show a minimal design for example, someone may indicate they are fencing and putting benches and some bushes. They do need to show a diagram as indicated in the plot plan example #1 on page 5 of 20. Please note that the Detroit Land bank Authority 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 abatements and/or lot combinations 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 payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
DUPLEX... INCREDIBLE OPPORTUNITY... Price Just Adjusted!!!. Own a cash flow property! Live in one unit, or lease the other. Lower level has three bedrooms, studio or den. All levels have separate entrances with doors that can lock. Two newer furnaces and HWT(2021). New 3D roof and updated electrical. Newer windows throughout kitchen and a full bath. Upper level has 2 bedrooms, a kitchen and a full bath. Third level is unfinished but can be used as storage for each unit. Area is growing and many homes are being renovated. Get in early to catch the appreciation, build equity and cash flow. BATVAI
Property needs a full rehab top to bottom, but don't let that scare you away!! This 5 unit is looking for the right investor and will certainly turn a profit on this corner lot with great potential. Sale contingent on buyer/seller executed development agreement. All offers must be supported by proof of funds for both purchase price and construction costs. Please note that the Detroit Land Bank Authority 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 abatements and lot combinations 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 payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Newly renovated duplex located in the Dexter-Linwood neighborhood of Detroit. Each unit includes two bedrooms and one bathroom. This two-unit investment property was fully renovated in 2023. Updates include a new roof, flooring, windows, hvac, electrical, and plumbing. Both units are tenant occupied through August, 2024. Monthly rental income is $2,250.
This property is sold in a bundle with 2 vacant lots 3724 and 3734 Rochester. Not sold separately. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. 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 payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
Welcome to 2296 Clairmount!! Beautiful Multfamily home located in Boston Edision District . Two units with 2 bedroom and one bathroom, basement- unit 1 bedroom and 1 bathroom, attic availble could be renovated for loft space. Potential 4 unit building perfect for owner occupied while other units generating rental income. Sold as-si. BTVAI
Welcome to this multi-family quad building offering from the Detroit Land Bank Authority. Four 2 bedroom units just ready for your renovation touches. Property needs a full rehab and all buyers are required to follow DLBA offer guidelines in order to purchase. Property includes adjoining vacant lot at 3761 Glynn Ct. Please note that the Detroit Land bank Authority 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 abatements and lot combinations 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 payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
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 48206 has a population of 645,658. Detroit 48206 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 48206 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 48206 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.