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$185,000
Est. payment /mo
4 Baths
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261067340
Year Built 1929
Annual Tax Amount $5,240
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 34X132
Source Realcomp
Property Description
INVESTMENT OPPORTUNITY IN DETROIT! This well-maintained Triplex offers strong rental income with long-term tenants already in place. The property features two 1-bedroom units upstairs and a fully renovated 3-bedroom unit downstairs. Current rents are $699, $750, and $1,100, for a total monthly rental income of $2,548 ($30,588 annually). After current leases expire the rental rates can be raised to the current market rate which are $750-$1000 for 1b1b and $1100-$1600 for 3b1b. Opportunity for an investor looking for an income-producing Detroit property with established tenancy and additional potential for future rental growth.
Location
State MI
County Wayne
Zoning Residential
Direction Please use your devices.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I046191S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Listed by Howard Homes 4 You LLC
NEARBY SCHOOLS & PROPERTIES
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