Investment opportunity on Detroit's West Side. Upper / lower with spacious 2 BR units. Vinyl windows. Centrally located near Davison - Lodge interchange. Good candidate to rehab and rent� out.
Welcome to the latest offering from the Detroit Land Bank Authority. Brick 2 family flat located in the historic Russell Woods subdivision. Property needs work, but there is plenty of room to grow in this up and coming neighborhood. 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.
Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. It�s a solid investment with 10 out of the 13 units currently rented, so you�ll start earning right away! Taxes $3,800 annually Insurance $6,000 annually Gas $12,000 annually Electric $2,400 Annually Water $9,600 annually Units 1, 7, 3, 10 are vacant Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years units 6 and 13 pay $600 monthly remaining units pay $500 monthly Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes Not a government rent controlled building and no tenants are section 8 All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas. windows are 4 years old, roof is under 10 years old Located in a charming historic neighborhood with lots of character. This property combines historical appeal with recent upgrades and offers great rental income potential. It�s a smart choice for anyone looking to invest in a growing area!
Calling all investors! Here is a great opportunity to pick up a multifamily with double digit ROI. This property has been fully renovated and is ready to place tenants for some strong cashflow! Live in one unit and rent out the other to live for free or buy it as a pure investment and start collecting the rent checks! this one will go quickly so be sure to schedule your showing today!
NO ACCESS to upper unit, lower unit ONLY with preapproval or proof of funds. PLEASE DO NOT DISTURB upper tenant under any circumstances. Upper unit is performing, lower unit is ready for a new tenant by October 1.INVESTOR SPECIAL: Owner will make no repairs. Being sold as is-where is. All pictures are not recent.
This multi-family property offers an exceptional opportunity for both investors and homeowners. It includes three distinct units: a spacious 2-bedroom, 1-bathroom bottom unit with a reliable tenant on a month-to-month lease; a charming 1-bedroom, 1-bathroom top unit with a private balcony; and a newly renovated studio apartment with a fresh floor and its own kitchen. The property has been modernized with new windows throughout, two new furnaces, and two new hot water tanks. Both the bottom and top units feature formal living and dining areas. Donââ?¬â?¢t miss out on this unique opportunityââ?¬â??schedule your viewing today!
Fantastic opportunity for first-time homebuyers or savvy investors! This well-maintained two-family home offers spacious living, with each unit featuring 3 bedrooms, 1 bathroom, and updated kitchens. Live in one unit and rent the other to offset your mortgage, or add this gem to your investment portfolio. Conveniently located near schools, shopping, and public transportation, this property is a smart choice for anyone looking to build equity and secure a solid return on investment.
Fixer-Upper with great potential in Detroit! This 4-bedroom, 2-bathroom home with 1,698 sqft of living space is a diamond in the rough. It holds immense potential for the right buyer looking to invest in for their next project. With some TLC and a vision for renovation, this property could be transformed into a stunning home.
Upper is occupied by long term tenants paying 800 Per month. Live in the lower or rent for Great income. Lower level originally a 3 bedroom currently serving as a 2-bedrm, Buyer can convert back to 3 bedroom for increased income. Semi open kitchen concept w/built-in counter leading to dining rm. Living rm nice & spacious. Upper unit w/living rm, dining rm, kitchen, 2 bedrooms. Private entrances, remote controlled gated yard. Plenty of parking on side of unit & front. Adjourning vacant lot included in this sale,
Fantastic opportunity for first-time homebuyers or savvy investors! This well-maintained two-family home offers spacious living, with each unit featuring [number] bedrooms, [number] bathrooms, and updated kitchens. Live in one unit and rent the other to offset your mortgage, or add this gem to your investment portfolio. Conveniently located near schools, shopping, and public transportation, this property is a smart choice for anyone looking to build equity and secure a solid return on investment.
Attention House hackers! Live in one and rent the other! Classic rock solid brick home that northwest Detroit is known for. Great location close to the vibrant Livernois corridor, Detroit Mercy, Marygrove and more. Great brick duplex with a ton of light, second story covered porch and a three and two. BATVAI House sold AS IS
Remodeled 27 unit apartment complex for sale! 9 two bedroom units and 18 one bedroom units. $850-900 avg rents. 12 of the 27 unit are occupied. The other 10 units are rent ready for tenants. Good for assisted living. Property is solid condition. Property is gated. Mechanical system is in great shape. Just under $100,000 brand new boiler. Updated vinyl windows. New gutters and entry doors. Roof redone in 2018. Led compliance approved. Serious cash buyers only!
This multi family home is in need of some tender loving care, making it the perfect investment property for someone looking to renovate and increase its value. The foundation is made of sturdy brick, providing a solid base for any improvements that may be needed. With some updates and repairs, this property has the potential to generate rental income for years to come. Don't miss out on this opportunity to turn this diamond in the rough into a profitable investment.
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:4 UNIT WITH 2 BDRMS EACHLocation: 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 incentive
Step into your freshly updated duplex in Russell Woods, radiating a bright and clean aesthetic. Each unit has an inviting space featuring a spacious living room, a dining area perfect for gatherings, and an outdoor terrace/ enclosed front porch for a breath of fresh air. The bedrooms boast new carpeting, while the kitchen comes complete with modern appliances. The basement features private section for each unit for storage and dedicated laundry units. Don't miss this great opportunity to house hack or add a cash flowing investment to your portfolio!
Great investment opportunity in the desirable Russell Woods neighborhood! This solid brick multifamily home features two units. Close to major roads. Don't miss this chance to own a multifamily home in a prime location. *This is a land bank property and purchaser to comply with land bank post closing.*
This fully tenanted, cash-flowing duplex in the esteemed Russell Woods neighborhood offers a fantastic investment opportunity. Each unit is meticulously maintained and boasts a 2-bed/1-bath layout with a charming fireplace in the living room. The property has been thoughtfully updated, with new furnaces, water heaters, plumbing, electrical, and a roof installed in 2018.
Here's your opportunity to own this great 2 family unit located close to the Boston/Edison District, Downtown and Universities. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.
Nice Multifamily across from Historic Russel Woods Sub. Located near major expressways and the Livernois shopping district youre just minutes from the famous avenue of fashion and historic bakers Keyboard lounge. This multi family has 3 bedrooms in each unit and the floor plans are very spacious, Owner occupant can live payment free or rent these out for $1800-$2000 monthly. Rents are rising so future rents could go higher. Recent updates include some windows, roof repair, complete electrical upstairs and new plumbing throughout. Your portfolio will love this addition.
This 2 unit multifamily home is ready for. new buyers finishing touches. Updates include New electrical, new plumbing throughout the house, New floors. New paint, HVAC units and new appliances refrigerator/stove in each unit. New washer and dryer in basement for the apartments. New cabinets and new tile in each kitchen. New tile in the bathroom and new toilet and sink. New front doors and new fence. Projected rent section 8. $3500.00 a month Can be sold as a package with 4204 Clements or sold separately!
Property sold as a bundle of 4 with 2324 Pasadena, 2265 Pasadena,and 2325 Pasadena =Totaling $32,000. Not sold separately. 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 requirements and offer submission information.
Property sold as a bundle of 4 with 2325 Pasadena, 2324 Pasadena,and 2279 Pasadena=Totaling $32,000. Not sold separately.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 requirements and offer submission information.
Property sold as a bundle of 4 with 2325 Pasadena, 2265 Pasadena, and 2279 Pasadena =Totaling $32,000. Not sold separately. 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 requirements and offer submission information.
Property sold as a bundle of 4 with 2324 Pasadena, 2265 Pasadena, and 2279 Pasadena=Totaling $32,000. Not sold separately.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.
Welcome to the latest offering from the Detroit Land Bank Authority! Historic Russell Woods. Brick Multifamily, in need of full rehab. Be very careful during showing. take a flashlight Priced to move. 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 48238 has a population of 645,658. Detroit 48238 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 48238 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 48238 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.