**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
4110, 4112, 4114 Trumbull is a 3 unit multifamily building located on the eastern border of Detroit's Woodbridge neighborhood and adjacent to Midtown. It was built in 1900 with various architectural styles as seen from the exterior - Neo-Dutch Colonial Revival & Romanesque. The interior has been completely renovated and restored in 2021 to suit today's modern buyer. Flat panel kitchen cabinets, granite countertops, subway tile, brand new solid oak floors, new wood windows, stainless steel kitchen appliances, updated mechanicals including central air. Newly constructed carport in rear of building with 4 parking spaces. Outside deck in rear of property - shared between units 1 and 2, private deck for unit 3. All 3 units are currently tenant occupied, actual annual income ~$80,000. Transferrable NEZ-Rehab on the property making this a great investment for a non-occupant owner.
Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new
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
**OPPORTUNITY** This side-by-side townhome style duplex is a rare find for Northwest Detroit and is ready for either an investor to turn it into a cash-generating machine or for an ambitious house-hacker to start their real estate investing journey! The property features 2 bedroom units w/ open floors plans, spacious living rooms, dining rooms, and kitchens, as well as 2 generous bedrooms and the full bath on the 2nd floor. Each unit also has its access to its own basement! Both units have been freshly painted and feature updated kitchens and bathrooms, forced air heating, updated 100 amp circuit breaker panels, vinyl windows, PEX and PVC plumbing, hardwood floors throughout most of the property, and much more! Each unit should rent for $1,100-1,200 to a Sec 8 tenant, with cash paying rents being slightly less. Located less than a 1/2 mile from Redford Twp and only a few miles from the major Livonia shopping center at I-96 and Middlebelt Rd.
Fantastic opportunity to invest or own in a highly desirable area of Detroit! Located right outside of the coveted Boston Edison Historic District lays this HUGE brick duplex with 3000+ SQFT, 6 bedrooms and 2 full bathrooms in total. Each Unit has 3 beds, 1 bath and separate basements. Earning potential is near ~$1400/month per unit! Property features many recent updates throughout and the first floor unit is Move-In Ready! The kitchen & bath have both been fully remodeled & updated. The entire unit is freshly painted as well. The upstairs unit needs a light cosmetic turn to make move in ready. Fresh paint and a cleaning will go a long way! Other recent updates include furnaces, hot water heaters, a majority of windows & the roof. Not much to do on this one to make it a cash-flowing rental within your investment portfolio! Or, you can live in one unit while you rent out the other! Many recent comparable properties have sold at $200,000 or above. Schedule your showing today!
Great opportunity to own a muti-family home in an amazing location. The redevelopment of Detroit is in full swing.
LOCATED 8 MINUTES FROM NEW CENTER YOU WILL FIND 5378 VANCOUVER STREET NESTLED ON A 4,110 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 2 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEW FURNACES. IN ADDITION, THIS HOME DISPLAYS BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. NO EXPENSE HAS BEEN SPARED. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS WITH MONTHLY DIVIDENDS OF $2428. THIS INVESTMENT PAYS A RETURN OF JUST UNDER 15%. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
Welcome to this amazing multi-family home in the highly sought-after Core City neighborhood of Detroit, just waiting for your gentrification ideas!! This property offers two units, each with its own entrance, perfect for those looking for an investment property to live in while renting out the other. This property features original hard wood floors, with the kitchens and restrooms being tile. The third floor of the home has additional space that can be finished for living or entertaining.Just a few short minutes away from all Downtown Detroit Festivities. Just North of Corktown!!SELLER IS NOW CONSIDERING LC FINANCING WITH AT LEAST 50% DOWN. CALL LISTING AGENT FOR DETAILS.
There is solid potential in this 2400 s.f. 2 family home which sits on a block with long time homeowners and tenants. This property is in need of a rehab, but with 3 beds up and down, you'll derive maximum section 8 rents generally in the $1600 per month range. Section 8 is the future of real estate investing, so don't hesitate and get your walk through today!
Outstanding Opportunity ! Are you Looking For a Great Investment ? Look no further ** Beautifully remodeled multifamily home sits right in the heart of Midtown. One unit has 3 bedrooms 2 full baths **and a lav 2nd unit has 2 bedrooms and 1.5 baths**. Home is located Near the Arena's, the Q-line and short distaance walk to Wayne State University. Both units have basements, granite counter tops, new cabinets,new windows, refinished hardwood flooring, Close to Shopping, Eateries, coffee shops and recreational facilitles. Both units are occupied .
Brick Multi Family Is Now Available For FHA and VA!!! Come One And All And Take A Look!!! Back On Market Buyer's Life Situation Changed!! Live In Or Great Addition to Your Rental Portfolio!!!!! Newly Renovated! Move In Ready!!!! This Vacant Brick Duplex Has Three Bedrooms In Each Unit!!!! With Garage & Full Basement, Family Neighborhood!! Each Unit Has Its Own Furnace, Electric & Hot Water Tanks!! FHA Appraisal Completed $131,500.00!!!!! Take A Look For Yourself!!!!
Investor special listed in Detroit's up & coming CORE CITY. This multi family home features a upper & lower level which includes: 2 bedrooms, a living room, kitchen, dining room, & bath. Close to train station, restaurants, & newer developments. *** The vacant lot at 4469 is also included. As-is sale. Buyer to assume all repairs & inspections.
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
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.
6 Unit Building with 4 1 Bed Units and 2 2 Bed Units. 2 Units are Tenant Occupied. 1 paying $750 and 1 Tenant Paying $950.. Other 4 Units currently being Rehabbed.. Great Income Potential.. Building Has onsite Laundry Area..
Live In Or Rent Out! Performing Turn Key Rental Duplex! Conveniently Located!!!! Quiet Family Neighborhood! 11519 Is Rented & Fully Renovated, 11517 is Vacant waiting for you or your tenant! Updates to Plumbing, Separate Newer Furnaces and Hot Water Tanks! Look At This Return On Your Investment!!! Please do Not Disturb Tenant, Call Carol Wright Co-Lister For Showings!
Apartment building just outside of East Village. Buyer to verify all information regarding building: including unit count and bedroom/bathroom count. Tons of potential and upside. Surrounded by the Villages, Belle Isle, Short ride to downtown, etc. NEEDS COMPLETE REHAB. NO INTERIOR SHOWINGS, SOLD AS-IS. PRICED ACCORDINGLY. BUYER TO PAY $495 PROCESSING FEE TO LISTING BROKER.
Own a piece of prime real estate with this income-generating brick multi-family home! This fantastic property features two spacious units, offering a perfect opportunity for investors seeking a strong return on investment. Lower: Currently occupied by a reliable tenant paying $900 per month, providing immediate income. Section 8 ready, allowing you to find a new tenant and maximize your rental income. Property is one of five: 11434 Laing, 20460 Appoline, 12717 Riad, 17696 Woodbine
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
Brick Colonial Multifamily 3 down 2 up INVESTOR SPECIAL!!! Located on the same street as The Union Carpenters And Millwrights Skilled Training Center near the NEW 60,000 square foot, Merit Park Recreation / Fitness Center Project on Grand River / 96 service drive also the NEW Joe Lewis Greenway 27.5 mile bike and walking trail...this is next to it all. Each unit has 2 bedrooms, entry unity has an extra sunroom back porch amenity with own private entrance and the upper unit has an upper balcony amenity for their enjoyment. Upper unit with pass-through bedroom to bathroom access. Forced air heating with separate furnace / heating controls for each unit. Newer model 3 dimensional design roof, some newer model windows also new electric and new basement piping redone. Each unit has a sizable kitchen with each unit having a separate dining area outside of kitchen. Building has accessible attic area that could be converted into another livable area or unit with the proper City approved build out. Located near The Queens Community Workers Home of Love Center, Michigan International Prep, Hope of Detroit Academy, The Motown Museum, Henry Ford Hospital, city parks, public transportation, major highways, grocers, dining and other merchants of convenience. A few blocks from Historic Grand River Avenue making it a 10 minute straight route to the Downtown Detroit area. Do not approach home without licensed agent and prior appointment. Contact your agent today for a showing, 48 hour advanced notice is required, owner asks for proof of funds with verbal offer prior to access, please call about earlier appointment details. 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 at closing.
Located in the North End neighborhood, each unit in this spacious brick duplex features a stunning stone fireplace and a sunroom/kitchenette off the main kitchen, complete with sleek granite countertops, subway tile, and stainless steel appliances. The lower unit consists of three bedrooms and one bath, while the upper unit features two bedrooms and one bath, along with a large finished attic that provides the flexibility to generate higher rents or offers a versatile space for an owner to enjoy while renting out the lower unit. This property underwent a complete renovation in 2019, which included a new roof, windows, mechanical systems, plumbing, electrical, and more. Fully occupied.
OPPORTUNITY! MULTIFAMILY HOME LOOKING FOR A NEW OWNER!! LIVE IN THE LOWER UNIT AND COLLECT $890/MONTH IN RENT FROM THE UPPER!! OR RENT OUT THE LOWER UNIT AND HAVE A SOLID ASSET BRINGING IN A PHENOMENAL RETURN ON YOUR INVESTMENT! UPPER UNIT IS RENTED FOR $890 PER MONTH. LOWER UNIT IS CURRENTLY VACANT. LOWER UNIT COULD EASILY RENT FOR $1000 A MONTH. INQUIRE TODAY!
Freshly renovated 2 family house on great block near Livernois. All new windows throughout. Updated kitchen and bathroom. Move in ready. Great investment opportunity or live in one unit and rent out the other unit. Each unit is 3 bedrooms and 1 bathroom. Upper unit and lower unit. Common water meter. Buyer's agents are welcome.
The median home value in Detroit, MI is $93,000. 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 $93,000. 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 has a population of 645,658. Detroit is less family-centric than the surrounding county with 15.74% 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 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 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.