Excited to announce your next investment opportunity. Located in the beautiful and fastest growing area known as the Marygrove community of Detroit. This is an amazing two family brick colonial multi-family style home. Many updates and renovations including new floors, and kitchen areas. Finished basement for additional family area and two separate storage spaces. Two car garage with newer roof. This home is located only a 3 minute commute to University of Detroit Mercy College and only 14 minutes to downtown Detroit. Very convenient location with close proximity to many schools, places of worship, shopping facilities and public transit. Don�t miss out on this great opportunity to invest in your next rental property!
This beautifully renovated duplex offers two spacious 3-bedroom units, each fully updated with modern kitchens, refreshed bathrooms, new flooring, and fresh paint throughout. Whether you're a homebuyer seeking to live in one unit while generating rental income from the other or an investor looking for a solid, income-producing property, this is an ideal opportunity. Don�t miss out on this turnkey investment or house-hacking opportunity!
This property includes 12012/12014 Conner both are identical 1 bedroom and 1 full baths with nice sized kitchens and living rooms. Perfect for an investor or a buyer looking to pay their mortgage by leasing the second unit. Each unit is leased for $700/month on a month to month lease. The buyer will receive keys at closing and will have the option to continue with a month to month lease or live in a unit and lease out the other to whomever they choose. The location of this property is minutes from I-94, shopping, and restaurants. This location is perfect to get downtown/suburbs in 10 minutes. Hurry this beauty won't last.
Prime multi-family property at 3224 Webb Street, Detroit, featuring two spacious units with 3 bedrooms, 1 bathroom, and large living/dining rooms in each. Previous tenants paid $1,200 per unit, with potential to earn even more. Fully renovated investment opportunity with a newer roof, windows, electrical, and plumbing. Minor fire damage in one first-floor bedroom, but overall solid condition. Very motivated seller, priced to sell! Perfect for investors seeking quick returns in one of the city's hottest areas. Sold as-isââ?¬â??donââ?¬â?¢t miss this high-ROI opportunity!
Located 8 minutes from the infamous East English Village District, you will find 17129 Westphalia nestled on a 5,357 square foot lot in a quiet neighborhood of homeowners. This crown jewel boasts a brand new roof to ensure repeat dividends for many years to come. Your apartment complex consists of 4 recently remodeled 1 bed room units. Each unit has been upgraded and has entirely brand new electrical and plumbing to insure maintenance free cash flow. Furthermore the entire complex has new electrical and plumbing from top to bottom. Each spacious unit has freshly rolled paint and brand new carpet with top of the line underlayment. 3 of the 4 units are leased to section 8 tenants and the monthly dividends are 3,007 all paid by section 8. The tenants pay all utilities, which allows this complex to maintain a near 29 print cash on cash return. This Diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.
This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases, and all of them have been long-term, which is why the rents are so low. The building is in good condition with no known needed repairs. all four units have two bedrooms and one bathroom each. there is the laundry room in the basement. All furnaces and hot water tanks are fairly new. The lot next-door also goes with the building. This building is close to all major freeways and only minutes from downtown. There is a $495 admin fee charged to all buyers at closing payable to Rockefeller�s Realty. No showings will be allowed until an offer is accepted. Please do not approach the tenets.
Welcome to East English Village, here is a lovely 2 up 2 down bedroom 3full bathrooms multifamily property. Very well kept home in a thriving neighborhood. Nice size back yard with a 2 car garage. Rather for living or an investment property this property is move in ready up an down. B.A.T.V.A.I WARRANTY DEED AT CLOSE, BUYER PAYS 495 TRANSACTION FEE TO LISTING BROKERAGE AT CLOSE PLEASE GIVE 24-48HR FOR SHOWING REQUEST NO SAME DAY SHOWINGS WILL BE GRANTED
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 property..Beautiful brick fully renovated 2 family flat, both units have been completely renovated with new kitchen, bathroom, vinyl flooring through out, fireplace, some new vinyl windows, new furnace, water heater, plumbing and updated electrical. Each unit comes with stainless steel appliances. *Property was recently appraised at VALUE.* Seller is looking for q quick close. Land contract terms are available with large down payment. Property is 15 minutes from downtown Detroit, near shopping and public transportation.
This stunning duplex, located just steps from the $3 billion Henry Ford Hospital expansion, has been thoughtfully renovated from top to bottom. Each unit features 2 spacious bedrooms, 2 full bathrooms, and a primary suite with an en-suite bath. The beautifully appointed kitchens and bathrooms include modern fixtures, while front and back balconies offer serene private outdoor spaces. The upper unit adds an additional 780 sq ft with a fully finished attic, providing endless possibilities. Both units have separate electric and gas meters, and the divided basement allows for private storage. Perfect for owner-occupancy or investors, this property is turnkey, with a fridge, microwave, gas range, and dishwasher included in both units. Furnaces and hot water tanks will be installed prior to closing, ensuring complete move-in readiness.
Exciting investment opportunity! This property features 2 units with low maintenance month-to-month tenants who have a combined tenancy of 14 years and would like to stay, offering a steady income stream and future return potential. This multi family offers 2 bedrooms and 1 bath in each unit. Bonus: includes a two-car garage. **Tenant occupied** 24 hour notice to show. BATVAI.
Calling out to all Investors! This is a property you do not want to miss, located near some impressive developments such as the Joe Lewis Greenway & Union Carpenters and Millwrights Skill trades center this property is key on any investors radar looking to add to their portfolio!
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!
This brick duplex offers a unique investment opportunity with its solid construction and classic appeal. Has a basement that provides additional storage or potential living space, perfect for maximizing rental income or creating a personalized living area. Whether you�re an investor looking to expand your portfolio or a homeowner seeking a versatile space, this duplex offers the potential to meet your needs in a desirable and enduring package.
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.
BEAUTIFUL Duplex located in the Chandler Park-Chalmers neighborhood has a significant advantage-access to local amenities and a vibrant community! With its income producing potential, this multifamily home is a smart investment for those looking to generate rental income while enjoying the benefits of a remodeled property. This home includes a newer roof, and freshly painted exterior. The living spaces have been freshly painted with remodeled kitchens and bathrooms!! The plumbing and electrical systems were updated in 2022. Walk out balcony adds to the property's charm. Newer Furnace and water heater system installations contribute to the home's value! Each unit has 3 bedrooms and 1 full bath. In each unit, there is a bonus room-office? TV room? Craft Rm? Make it your own special space!
MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE MONDAY AT 1PM. Located 8 minutes from Grosse Pointe you will find 14130 Houston Whittier nestled on a 4,000 square foot lot in a quiet neighborhood of homeowners. This crown jewel boast two 3 bedroom units. This home displays newer electrical and plumbing to insure maintenance free cash flow. Other updates include a new roof and has fresh paint. his beauty has just been leased with 2 section 8 tenant and the monthly dividends of 990 and 1587 with a total of 2577/month. This Diamond will be at a lucky owner's fingertips soon! No showings without accepted full list offer.
Charming Duplex with Great Income Potential! This spacious 2,100 sq. ft. duplex offers two units--one currently vacant and one occupied--making it a great investment or live-in opportunity. The property features a boiler system, with the owner covering heat, water, and trash for both units. The vacant upper unit boasts in-unit laundry, hardwood floors, and plenty of natural light. Located in a thriving neighborhood, this property is near parks, schools, shopping, and dining, offering convenience and a great community atmosphere. Whether you're looking for rental income or a comfortable home with tenant income potential, this duplex has it all!
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.
Attention investors! Are you considering an investment in Detroit? Seek no further than 8833 Pinehurst for a low-maintenance, move-in-ready multifamily property available from day one. This recently renovated property boasts a 2-bedroom lower unit with a living room and formal dining room, alongside a 3-bedroom upper unit. Separate water, electrical, and HVAC units clarify tenant responsibilities. It includes a shared basement for storage and laundry, plus a spacious yard for parking. Just a 10-minute drive from downtown Detroit's attractions and near the I96 freeway for easy commutes to surrounding suburbs, this property is a prime addition to any investment portfolio.
This home is a diamond in the rough, wait6ing for someone to unlock its full potential. With your vision and commitment, it can be transformed into the true gem it is.
***LISTING PHOTO IS OF THE PROPERTY BEFORE THE REHAB*** Two-family property. Do not approach tenants. seller does not have access to the property. Contact agent for more details. Property can be sold as a bundle with 15759 Forrer St and 12201 Plainview. Listing information is estimated and will be the responsibility of the Buyer's agent to verify.
It's a great tri-plex that can be a cash cow. This property has a large 3 bedroom unit on the main floor and two one-bedroom units on the top floor. Each unit has a separate entrance and utilities. The property was appraised for 100k just last year in its current condition. The buyer will receive a warranty deed, title insurance, and a clear title. The buyer will pay a $495 transaction fee to Downtown Realty.
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!
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.