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
Welcome to the vibrant Bagley District of Detroit, where history meets opportunity. Here's an exceptional investment opportunity featuring a multi-unit property situated in one of Detroit's most sought-after neighborhoods. Both units are currently tenant occupied. Will show after an accepted offer. This property features a new roof, new carpet upstairs, restored hardwood floors downstairs and a 2 car detached garage.
Welcome to the latest offering from the Detroit Land Bank Authority. Brick Income bungalow located in the Mary grove subdivision. 2 bedrooms down and 1 bedroom up. The highlight of this property is that it comes with 4 vacant lots for you to develop. Sale includes 16005, 16011, 15945 and 15953 San Juan. Bring your design ideas and your creativity and lets see what we can accomplish. 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.
FULLY REMODELED TWO FAMILY IN BAGLEY - Looking for a freshly remodeled 2 unit home in Detroit's hottest neighborhood? Truly move-in ready with updated mechanical systems and premium finishes. Quartz countertops, recessed lighting, new cabinets and updated bathrooms. This would make a great home to live in one unit and lease the other. Located walking distance from two major colleges: University of Detroit and Marygrove College. New vinyl windows, gutters, newer roof. Would make an ideal rental property with good cashflow and skyrocketing appreciation. Each unit can be rented in the 1200 range. The lower unit has a 3rd room which could be converted into a bedroom. So this could be a 5 bedroom home total. Call and schedule a showing today!
Step into a world of possibilities with this charming duplex, where potential meets promise! Spanning an impressive 2174 square feet, this property offers a unique opportunity to create your own oasis while accommodating both cozy and spacious living arrangements. With two units, each featuring two bedrooms and one bathroom, the layout is perfect for generating rental income or accommodating extended family. Yes, it needs some TLCââ?¬â??but imagine the transformation you could create! This property is a blank canvas, awaiting your vision to breathe new life into it. Don't miss your chance to invest in a property with such immense potential! Transform it into your dream home or capitalize on the rental market. The opportunity is nowââ?¬â??will you take it?
Oakman Neighborhood two family flat partially rehabbed available for new investor to add finishing touches. Each floor has two bedrooms and one bathroom. All plumbing, electric and hvac has been updated throughout. New drywall and flooring in all rooms. Small fire from trespassing cause damage to drywall in unit. Seller ready to move onto other projects. Projected monthly rental income 1350/mo per unit.
Excellent investment opportunity! Live in one and rent the other, share expenses with family or friends, or use both units as income properties. All brick, great square footage on this two unit duplex with private entrances. Both units feature three bedrooms, a full bath, kitchen, dining, and family room with natural fireplace. Some cosmetic updates have been completed including, bathrooms, kitchens, and fresh paint. First level unit features natural hardwood flooring, second level unit has new plank flooring. Outdoor space is great w/covered front porches/decks for each unit. This one has the hard to find private basement access to each unit with space for private laundry in each units basement. The upper unit has an updated nook off the back of the kitchen with access to the third level which serves well as storage or could be extra living space with a little modernizing. Currently one furnace and hot water tank in the home. Prepped for separate electric and gas, additional meters will be needed. Water is combined. Home is sold as/is, buyer to assume responsibility for obtaining the Certificate of Occupancy. Great equity opportunity. A little investment from the new buyer will make this one amazing!
Instant equity opportunity! Live in one and rent the other, share expenses with family or friends, or use both units as income properties. All brick, great square footage on this two unit duplex with private entrances. Both units feature two bedrooms, a full bath, kitchen, dining, and family room. Some cosmetic updates have been completed including, bathrooms, kitchens, and some fresh paint. Both units feature new LVT and refinished natural hard wood flooring. Outdoor space is great with a spacious elevated front porch, and rear covered patio/deck for each unit. Convenient rear entry doors for each unit also. This one has the hard to find basement access from each unit with space for separate private laundry and a dedicated space w/new utility tub and water supply for each unit. The upper unit features access to the third level which serves well as storage or could be extra living space. The units are prepped with gas lines and duct work for separate furnaces and hot water tanks, although all mechanicals are missing and will need to be replaced. Brand new PEX plumbing throughout. Each unit is designed to have its own electrical service, one panel is brand new, it just needs all the breakers, and the other panel just needs to be installed. Separate gas and electric meters for each unit, allowing for per unit billing for those utilities. Water is combined for the two units. A little investment from the new buyer will make this one amazing investment! Home is sold as/is, buyer to assume responsibility for obtaining the Certificate of Occupancy. Ownership transfer will be conveyed via a Quit Claim Deed, or a Warranty Deed with Exceptions. Check it out today!
Come check out your newest investment 5731 Somerset! This 2-unit property with 2 Beds and 1 bath each unit is ready to make you monthly income. This property is already rehab and occupied helping you fast-forward your investment into profit. The property is located near a freeway making a daily commute easier. With a cap rate of fourteen percent this property will make the new buyer a great return.
Welcome to 625 Horton Street! With its comprehensive top-to-bottom renovation boasting newly upgraded soffits, windows, electrical, plumbing, and paint this property ensures a modern and worry-free living experience. The 2 units, each approx 1073 sqft, feature identical layouts with well-designed kitchens equipped with stainless steel appls, ample cabinet storage, generous counter space, stylish tile backsplash, and luxurious marble-tiled floors. The spacious living rms are illuminated w/recessed lighting, creating a welcoming atmosphere. Add'l storage space in both the bsmt & attic. Whether you're an investor seeking a turnkey property or a buyer looking to reside in one unit while renting out the other, this move-in-ready multi family home offers both comfort & financial potential.
This charming multi-family home features two spacious units in a highly desirable location, offering endless potential for investors or homeowners looking to maximize rental income. With a prime setting, this property provides the perfect opportunity to capitalize on its great layout and convenient proximity to local amenities, schools, and transportation. This property is a solid investment with endless possibilities.
AMAZING VALUE**MULTIFAMILY INVESTOR SPECIAL**12% ROI**PERFORMING CLASSIC BRICK DUPLEX in a great neighborhood on Detroit's westside. Both units have identical layouts and feature 2 bedrooms, full bath, kitchen, living room and dining Room. Each tenant pays $750 cash per month. Roof, Mechanicals and most updates are about about 4 years ago. Home features include textured ceilings, updated full baths in both units, updated kitchens, and spacious living areas. This stunning property could be the jewel of any rental portfolio. Located near schools, entertainment and dining. PRICED BELOW VALUE. Call/Text for details and showings.
Rosedale Park is a historic district. It was listed on the National Register of Historic Places in 2006. This stunning all-brick duplex offers modern living with timeless appeal, featuring six bedrooms and two full bathrooms across two fully renovated units. Each unit boasts its own separate entrance, providing privacy convenience for both occupants. The property also includes direct access to the basement, further enhancing its functionality. Step inside to discover spacious living rooms adorned with stylish wall paneling, adding character and warmth to the space. The renovations have introduced sleek new flooring throughout, while the addition of unique light fixtures and recessed lighting adds a touch of sophistication. Both units have been completely transformed with modern finishes throughout. With brand new stainless steel appliances elevating the kitchens, the high-end hardware adds a contemporary atmosphere. Designed for comfort and efficiency, the property is equipped with two new water heaters and two new furnaces, insuring each unit operates independently. New plumbing, electrical systems and windows provide peace of mind and long-term reliability. The roof is in great condition, ensuring durability and minimal maintenance for years to come. Step outside to enjoy the fresh air from the charming balcony, offering a serene space to relax and unwind. Conveniently located just minutes away from Southfield Freeway and I-96 express, this property offers easy access to nearby amenities such as, shopping, dining, and entertainment, making it ideal for city convenience without sacrificing comfort. This home is ideal for multi-generational living or as an investment property. Meticulously upgraded duplex is a rare find, ready for its next chapter. Don't miss your chance to own this exceptional property!
This 18-unit apartment complex presents an incredible investment opportunity, ideal for those looking to expand their portfolio with a solid, income-generating property. Offering diverse unit layouts and prime potential for upgrades, the property is being sold as-is, providing a clean slate for renovations or enhancements that can significantly boost its value. Situated in a location ripe for growth, this is your chance to turn this multifamily complex into a thriving, long-term asset.
Multi Family on Detroit's Westside. All this property needs is your vison to bring it back to life. Brick two family flat with tons of potential. ****** Highest and best due by 10/16 at 2pm Eastern Time *****
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
2 family multifamily residence. Upstairs has separate entrance 1 bedroom, full bath, kitchen. Main level has 2 bedrooms, full bath, kitchen and basement. This has 2 long term tenants that would like to stay in both units. Both tenants would sign a new lease. Newer furnace and hot water heater. Great Income property for Investor.
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 .
This 2 Unit duplex. Each unit has 2 bedrooms, 1 bathroom for a total of 4 bedroom, 2 bathroom. home in Detroit. The 1,393 sq ft brick house has a 1.5 year old hot water heater. The property has 2 kitchens where one of them is in good condition. The property is on city water and sewage. The roof is 1 year old with a newer HVAC. The property has a basement.
''Exceptional Multi-Family Home Investment Opportunity! A few blocks away from UofD Mercy and Margrove College,shops & more. Completely updated and fully rented, this stunning two-unit possible third unit property boasts: -New Furnace/AC and hot water for each unit-Two spacious 2-bedroom, 1-bath units with in-unit laundry-Separate entrances for each unit-One unit will be vacated at closing, perfect for owner occupancy or rental income-Basement prepped for completion of a 3rd unit, with plumbing and electrical setup -Endless possibilities for additional income or expansion Don't miss this incredible opportunity to live in one unit and rent the other, or maximize your investment with three separate units. BATVAI.
Investment opportunity on Detroit's East Side. Brick duplex near City airport. Upper / Lower with 2 br units. Cleaned out and ready for new owner's finishing touches. Kitchens and baths updated. Full basement and 2 car garage. Light rehab needed. Cash or DSCR buyers only.
Welcome to 17358 Stoepel St.. This 2 Family home has been under consistent and caring ownership for over 20 years. The home has been upgraded and freshly painted, both inside and out, making it easier for the next owner to either live in and or rent with a minimum of additional investment of time and finance. There is a mixture of Carpet as well as Hard Wood flooring. Property features a boiler system steam heating. The home is currently vacant, but had received a City Certificate for tenant occupancy. This home is located within walking distance of the University of Detroit as well as being close enough to enjoy the revitalized Palmer Park and Avenue of Fashion, that is inclusive of a variety of shopping, eating, entertainment and recreational activities.
This rare investment opportunity offers an spacious 1928-built corner property in the highly sought-after Virginia Park neighborhood. With 5,628 square feet of space, the property is fully gutted, vacant, and ready for a full rehabââ?¬â??offering potential for a full transformation. Sitting on an 8,276 square foot lot and zoned R2, this property provides flexibility for residential projects. Whether youââ?¬â?¢re envisioning a multi-family development, mixed-use space, or highly sought-after residential housing, this is the perfect opportunity for your vision Strategically located near key Detroit landmarks, including Henry Ford Hospital, the Motown Museum, and the popular Congregation Coffee House, the property offers prime visibility and accessibility. The seller has provided detailed renderings for an 8-unit residential development. The sale also includes the adjacent lot at 2072 Clairmount, which offers additional space ideal for parking or potential future expansion Virginia Park is one of Detroitââ?¬â?¢s most sought-after neighborhoods, where ongoing development meets the areaââ?¬â?¢s historic charm. With numerous renovation projects and new constructions transforming the landscape, this property offers an exceptional opportunity to contribute to the growth and vibrancy of this thriving community. With significant recent development, driven by the city's affordable housing initiatives, Virginia Park is a prime location for both investors and full-time residents. The demand for residential and commercial spaces continues to grow, making this property a unique opportunity to participate in Detroitââ?¬â?¢s ongoing revitalization while contributing to its affordable housing goals. Donââ?¬â?¢t miss this chance to develop a key piece of Detroitââ?¬â?¢s future!
This property features two spacious units, perfect for investors or owner-occupants looking to enjoy the benefits of rental income. Each unit boasts an inviting layout with strong rental potential and a welcoming community atmosphere, this property is an excellent opportunity in Detroit and only 10 minutes from Downtown Dearborn. Don�t miss your chance to invest in this fantastic duplex! **Do not approach the property or disturb tenants**
This charming duplex offers a fantastic investment opportunity to add to your portfolio and generate rental income. The property features two units: the upstairs unit boasts 3 spacious bedrooms and 1 full bath, while the first-floor unit includes 2 comfortable bedrooms and 1 full bath. Both units showcase wood floors, adding warmth and character throughout. Additionally, the property includes a basement, providing ample storage or potential for additional use. With its versatile layout and income-generating potential, this duplex is a perfect choice for savvy investors or those looking to expand their rental property holdings.
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.