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$350,000
Est. payment /mo
4 Baths
3,498 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,498 sqft
Price per Sqft $100
Subdivision Mi
MLS Listing ID 60963227
Style 2 Story
Full Baths 4
Year Built 1925
Annual Tax Amount $8,593
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 46X117
Property Sub-Type Multi-Family
Property Description
Turnkey 4-unit multifamily property located in a quiet, well-kept neighborhood of Detroit. The building features recently renovated units and is move-in ready, making it an ideal hands-off investment. Three of the four units are currently occupied by long-term tenants, generating $3,200 per month in gross rental income, with the fourth unit vacant and ready to lease, offering immediate upside. The current tenant mix includes two Section 8 tenants and one market-rate cash tenant, providing both stability and flexibility. This property offers consistent cash flow, minimal deferred maintenance, and strong tenant retention in a desirable rental area. A solid opportunity for investors seeking a true turnkey asset with room to increase returns. Vacant unit is available for showings. All other units will be available with an accepted offer. For more information please contact Jermaine.
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA
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Listed by RE/MAX City Centre
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