Open House:
Sunday, 11/10 12:00-2:00PM
Investor Special!!! Welcome to the land of opportunity in this Vintage Property. Currently set as two units with the possibility of a third, this property boasts plenty of opportunity for a tremendous return. With private entry into each unit, the main floor hosts 3beds/1bath while the second floor is 2beds/1bath. Third floor may be transformed into a Studio/1Bed unit. Newer Boiler system, newer Roof and original hardwood floors throughout. Don't miss this chance on a great investment.
24 HOUR NOTICE FOR SHOWINGS> NO EXCEPTIONS>Long term tenants who would like to stay. Lower level at 1200. Upper level currently 900.00.All month to month. Tenants would like to stay Appliances belong to the tenants.Solid Duplex in the highly desirable Islandview district!!Close to Belle Isle,West Village, Indian Village Detroit River activities and downtown is just minutes away!!Income producer with much of the original hardwood throughout.Hardwood floors throughout!! The hiome needs some maintenance and updating but is in solid shape!!Many new projects on this street and the surrounding streets. Part of the area where Dan Gilbert has given millions in funds to increase the upgrade of the neighborhoods. Great investment opportunity!!
Upper/Lower Flat could be a great Airbnb, rental, or live in one and rent the other. Bring your paint brush and build sweat equity. Area rents are around $1,000 so live in one unit and let your tenant pay! The house needs work. New flooring, paint, kitchen remodel and bath updates. The price is right for someone handy or an investor who wants to live close to downtown! The neighborhood is transitioning and this is the right time and the right price to buy. BOTH units are included for only $64,000.
PRIME LOCATION NEAR DOWNTOWN CENTRAL BUSINESS DISTRICT AND EASTERN MARKET. LARGE DUPLEX WITH 4 BEDROOMS AND A LOFT IN EACH UNIT. 1.5 BATHROOM IN EACH UNIT. SEPARATE UTILITIES. NEEDS RENOVATIONS AND REHAB. EXCELLENT INCOME PRODUCER OR LIVE IN ONE UNIT AND RENT OUT THE OTHER UNIT. VERY SPACIOUS THROUGHOUT.
This duplex presents a prime investment opportunity in a rapidly growing area of Detroit's Eastside. The property features two unitsââ?¬â??one with 3 bedrooms and 1 bath, and another with 2 bedrooms and 1 bathââ?¬â??offering flexibility for rental income or conversion to a single-family home for maximum ARV potential. Recent upgrades include a new roof, gutters, and electrical system (2024), along with a new sewer line, water main, and gas lines, all inspected by the City of Detroit. The property also boasts newly enclosed porches, enhancing both its functionality and appeal. Additionally, two adjacent lots are available for purchase through the City of Detroit for just $100 each, providing further development opportunities. The seller will include newly purchased windows with a reasonable offer. Donââ?¬â?¢t miss this chance to invest in a promising and evolving neighborhood! *BATVAI Please have showings accompanied by licensed agent.
UP and coming Neighborhood, Beautiful brick 2 family flat
2 SHORT-TERM RENTAL UNITS, 1 COMMERCIAL RETAIL, 1 OFFICE LOFT Opportunity knocks: 3-unit turnkey investment property. Detroit Superhost Management Two, 4 Bed 1.5 Bath STR units One Retail unit One Office Loft Alley access to fenced-in yard. Located on the edge of Eastern Markets expansion zone. Ask for complete details: 2022-24 Operating Expenses and NOI
3101 Canton is a solid brick, four-unit building in the Islandview neighborhood of Detroit, adjacent to West Village, Indian Village and nearby Belle Isle. Each unit is roughly 1,000 square feet with a two-bedroom, one-bathroom layout.
Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Estimated rehab 223$k. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The tax capture might 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.
Great for experienced investors. 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 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. Please see attached documents for DLBA guidelines and offer submission information. BATVAI
Welcome to the latest offering from the Detroit Land Bank Authority. Brick 2 family flat in need of a total rehab. This property also includes the adjacent lots at 4603 Meldrum and 4619 Meldrum. Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review. 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 48207 has a population of 645,658. Detroit 48207 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 48207 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 48207 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.