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$350,000
Est. payment /mo
5 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261076943
HOA Y/N true
Year Built 1928
Annual Tax Amount $8,839
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 38.00 x 100.00
Source Realcomp
Property Description
A compelling income-producing opportunity in Detroit's University District, offering extensive renovations, established rental income, and additional value-add potential. Currently occupied, the property features two beautifully renovated primary units, each with an open layout, refinished original hardwood floors, solid wood cabinetry, updated bathrooms including an ensuite bath, and dedicated in-unit laundry hookups. Major improvements include new electrical, plumbing, HVAC, water heaters, windows, and roof. The upper residence also extends to a bonus third-floor en-suite with luxurious bathroom. The lower level has been framed and drywalled with a completed bathroom and separate laundry area, providing an opportunity to further maximize the property. Ideally positioned near the University of Detroit Mercy, Marygrove, Livernois Avenue of Fashion, restaurants, shopping, and continued redevelopment along McNichols. An excellent opportunity to acquire a substantially renovated property with rental income already in place and additional upside. One unit is currently leased at $1,700/month through May 31, while the second is leased at $1,800/month on a month-to-month basis.
Location
State MI
County Wayne
Zoning Residential
Direction North Of McNichols East Of Livernois
Interior
Heating Forced Air
Cooling Central Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W02I003977S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by @properties Christie's Int'l R.E. Birmingham
NEARBY SCHOOL & BUSINESS
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