Investorâ��s Dream in Detroitâ��s Thriving Community! Located in a desirable area south of Davison and west of Linwood, this spacious 2-family brick flat at 2741 Monterey Street is a unique investment opportunity you wonâ��t want to miss. Each unit offers generous living space and versatile layouts, perfect for rental income or multi-generational living. Each unit are very large and spacious totaling 1525 sq ft each with 3 bedrooms and 1 bath. The basement is divided for tenant privacy. You can rent each one with a section 8 tenant for $1600 a month for a total of $3200 a month incoming stream. That's a total of $38,400 a year. The first-floor unit features a bright living room (16x13), a formal dining room (13x12), a kitchen with an adjoining breakfast nook (10x4), and three spacious bedrooms (13x9, 11x10, 12x10). Upstairs, the second unit mirrors this layout with a slightly larger living room (18x12), providing ample room for comfort and flexibility. Set on a 35x120 lot, this property boasts a solid brick exterior with classic Detroit architectural charm. This property is one block away from Dexter where major developments are in motion like the Dexter Streetscape, Dexter Elmhurst Community Center (n.k.a., Helen Moore Community Center) renovation and new Park, Park & Open Space Improvements (Since 2021 to Date- Zussman, Russell Woods, Nardin Park, Dexter Tree Planting), Fa�§ade Improvement Projects, Dexter Mural Program and the Dexter Pop Up. Ask for the PDF doc of DEXTER AVE INVESTMENTS. Located near major roads, local schools, and minutes from the cityâ��s key attractions, 2741 Monterey Street is a promising investment for any investor looking to capitalize on Detroitâ��s growing rental market. "This property has cameras inside and outside the premises"
Exceptional investment opportunity in this fully updated multi-family duplex, featuring two spacious 3-bedroom, 1-bathroom units. Each beautifully updated with brand new flooring, fresh paint, countertops, and cabinets. This property boasts a new roof, water heater, and furnace, ensuring modern efficiency and comfort. Recessed lighting throughout creates a warm, inviting ambiance in every room, while a shared basement offers extra storage. Seller is offering a generous 20,000 credit towards driveway and landscape repairs, making this property an ideal choice for immediate occupancy or rental income. Don�t miss out on this unique offering!
Unfortunate loss for the buyer, however now's a great opportunity for yours! This well-maintained multi-family home offers the perfect blend of original character and modern convenience. Located in a desirable, thriving neighborhood, this property features spacious living with approximately 1,425 square feet in each unit. The first-floor unit boasts three bedrooms, while the upper-level unit offers two bedrooms that can easily be converted back to three, providing flexibility for growing families or additional rental income. Both units include large formal dining rooms, ideal for hosting gatherings and enjoying meals with loved ones. Both kitchens have been thoughtfully updated with contemporary finishes and appliances, making cooking and entertaining a breeze. Exposed hardwood floors throughout the lower unit, with additional hardwood beneath carpeted areas on the upper unit. Each unit also features a cozy natural fireplace or enjoy the outdoors from the screened front porches on both levels. Each unit has separate utilities, including newer boilers, ensuring efficient and independent living for each household and glass block windows in the unfinished basement. Also included are the roll-down window shutters on the back of the home for added security. The property also includes a large fenced-in 35x139 vacant lot (2487 Gladstone), perfect for gardening, play, or future development. Ample Parking offering a three-car garage provides plenty of space for vehicles or additional storage. This property combines classic charm with modern amenities, offering a wonderful opportunity for both owner-occupants and investors. Don't miss out on this unique find!
Investor special! This solid 2-unit brick home offers incredible potential with some TLC. Both units have spacious layouts, and the property includes a detached garage perfect for additional storage or parking. Enjoy privacy of a fenced backyard, great location close to main roads and schools. Whether you're looking to renovate and rent or customize personal use, this is a fantastic opportunity to build equity. Sold As-Is, bring your vision and make this home shine!
Nestled in the heart of the historic Dexter-Linwood area of Detroit, this charming multi-family brick colonial residence beckons with its promise of potential income generation. Boasting two distinct units, each comprising two bedrooms and a full bath, this property offers versatility and convenience. As you step through the separate entries for each unit, you're greeted by the timeless allure of hardwood flooring in one unit, while the other exudes comfort with plush carpeting underfoot. Whether you're seeking a lucrative investment opportunity or considering a multi-generational living arrangement, this property presents an excellent canvas for your vision. Strategically positioned near major thoroughfares such as M-10 and Davison Highways, commuting to Downtown Detroit is a breeze, with the city's vibrant attractions and employment opportunities just minutes away. Embrace the potential of this property and unlock the possibilities of urban living in one of Detroit's most dynamic neighborhoods. BATVAI.
Four-unit brick building. Each unit features two bedrooms and one bathroom, spanning two stories, with storage and laundry capabilities in the basement. The property is a certified Detroit rental. It is currently tenant-occupied but can be delivered vacant at closing.
Welcome to this beautifully renovated duplex, located in the heart of Detroit's Cultural Center! This spacious 3 unit investment property blends modern amenities with classic charm, featuring brand-new stainless steel appliances, and on-site laundry for your convenience. First 2 floors are 3 bed 1 bath units with spacious bedrooms and living spaces, 3rd floor is a studio unit with a kitchen and full bathroom, can be turned into a triplex. Everything in this property has been completely renovated and brand new including appliances, hot water heaters, furnace, and washers/dryers. Outside space is free parking in the backyard with new paved patio. Ready to rent immediately for income investors. Just a short walk to the Detroit Institute of Arts (DIA), local restaurants, grocery stores, and both Henry Ford and DMC hospitals, you'll enjoy the best of city living. Perfect for professionals or anyone looking to be close to it all! PROPERTY IS BEING SOLD 316/314 HENDRIE
LOCATED INSIDE THE FAMOUS OAKMAN BLVD HISTORIC DISTRICT, YOU WILL FIND 13167 STOEPEL NESTLED ON A 3,888 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL TRIPLEX CONSISTS OF 3 RECENTLY REMODELED SECTION 8 UNITS. EACH UNIT HAS NEWER PLUMBING AND ELECTRICAL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW VINYL FLOORING. THIS BEAUTY HAS JUST BEEN LEASED WITH 1 SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $725, OTHER TWO UNITS WITH PROSPECTIVE RENTS OF $2000. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!
Investor special in the Oakman Blvd community! This multi-family property, with two units (each 2 bedrooms, 1 bathroom), needs significant renovations but offers huge potential!
Charming Full Brick 2-Story Bungalow - 4 Bed, 2 Bath with Full Basement. This beautifully maintained full brick bungalow is ready for its next owner! Featuring 4 spacious bedrooms and 2 full bathrooms, this home is perfect for families or those seeking extra space. The full basement adds even more room for recreation or storage. **Key Updates: ** Roof (2020) Furnace (2017) Hot Water Tank (2017) and freshly painted throughout, move-in ready! All appliances are included, this property won't last long. Schedule your showing today and make this gem yours!
Calling all INVESTORS!! This rare, side by side duplex is a must see! Each side is a two bedroom, one bathroom unit. Two bedroom rent's in the area can go as high as $1,100/month making for a great potential cash flow! Both units are currently vacant and in need of light rehab.
Seize a prime investment opportunity with this charming two-family home in Grosse Pointe, already generating income with long-term tenants in place. The property features one unit with 1 bedroom, 1 bathroom and another with 2 bedrooms, 1 bathroom, offering a versatile rental portfolio. Conveniently located near St. John Hospital, I-94 freeway, retail and dining, this home ensures stable earning potential for investors while providing tenants with a comfortable living environment. Whether you're looking to expand your real estate holdings or start earning immediately, this property offers both value and opportunity in an excellent location. Don't miss out on this investment!
Investment opportunity available on the Westside Detroit. 2 family flat. Partially updated.
Investor Special!!! Welcome to the land of opportunity in this Vintage Property. Currently set as two units with the possibility of a third, this property boasts plenty of opportunity for a tremendous return. With private entry into each unit, the main floor hosts 3beds/1bath while the second floor is 2beds/1bath. Third floor may be transformed into a Studio/1Bed unit. Newer Boiler system, newer Roof and original hardwood floors throughout. Don't miss this chance on a great investment.
INVESTORS: MULTI FAMILY FOR SALE. SALE AS-IS. SELLER NEVER LIVED IN THE HOUSE
PRIME LOCATION NEAR DOWNTOWN CENTRAL BUSINESS DISTRICT AND EASTERN MARKET. LARGE DUPLEX WITH 4 BEDROOMS AND A LOFT IN EACH UNIT. 1.5 BATHROOM IN EACH UNIT. SEPARATE UTILITIES. NEEDS RENOVATIONS AND REHAB. EXCELLENT INCOME PRODUCER OR LIVE IN ONE UNIT AND RENT OUT THE OTHER UNIT. VERY SPACIOUS THROUGHOUT.
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.
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 based on FOIA report results. 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.
The median home value in Detroit, MI is $91,250. 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 $91,250. 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.