Investors Special!!! Fully Detroit duplex with long time, multi-generational tenants! VERY rare property with a total of 4 bedrooms and 3 bathrooms; Lower Unit=2 beds/2 baths, Upper Unit=2 beds/1 bath on a Corner Lot with over 2,000 sq ft...Lower Unit features open-concept Living/Dining/Kitchen with sliding door access to private patio, first floor Laundry, and separated entrances-front and side access! Upper Unit features a full remodel in 2018: vinyl flooring throughout, freshly painted, new blinds and private entrance-side access! Shared basement for extra storage and/or additional Laundry. Tenant occupied-please do NOT disturb tenants. Absolutely NO Showings without an accepted Offer.
Lucrative Investment Opportunity: Well-Established 40-Unit Apartment Building! *Call for Offers for Monday July 1st at 3 pm.* Seeking a stable and profitable investment? Look no further than this exceptional 40-unit apartment complex located in Detroit. The property boasts a strong rental history and excellent income potential. Currently generating a gross annual income of approximately $324,000 with a projected Net Operating Income (NOI) of $227,000 for 2024, this investment offers proven performance. There's also significant value-add opportunity: reach full capacity and unlock even greater income. Projected gross income upon full occupancy is $432,000. The complex caters to a wide range of renters with a diverse unit mix of spacious 2-bedroom townhouses (8 units), regular 2-bedroom units (8 units), and efficient 1-bedroom units (24 units). Landlord currently covers water, gas, and electric. Don't miss out on this income-generating gem! Showings require advanced notice to respect current tenants. Contact us today to schedule a showing and learn more about this opportunity in a desirable location. Proof of funds and/or financing is required to schedule a showing.
Investor duplex alert! This is a side by side Brick Colonial, each Brick Colonial has 2 bedrooms, detached garage and fenced backyard. Can be sold separately, One duplex was occupied by long term tenants. Each Brick Colonial has some newer model windows, a separate dining area outside of kitchen, open basement layout and fenced backyard. Close to public transportation, shopping, grocery stores, Milan Playfield, Ralph W. Emerson Elementary-Middle School, major highway and freeway. Land Contract terms 140k, 40k down, amortized over 8 years at 622 / month principle and interest. 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 to listing office.
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 48219 has a population of 645,658. Detroit 48219 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 48219 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 48219 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.