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Shree Patel

movewithshree@gmail.com +1(734) 447-7113

$315,000

Est. payment - /mo

8 Beds

4 Baths

2,016 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $156

MLS Listing ID 20261063681

Bedrooms 8

Full Baths 3

Half Baths 1

Year Built 1922

Annual Tax Amount $5,223

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30X110

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow — don't miss this one!

Location

State MI

County Wayne

Direction Take West Vernor Highway To Elsmere St, Then Head South And Turn Right Onto Stair St. The Home Will Be On Your Right.

Interior

Interior Features Basement Finished

Heating Forced Air

Cooling Central Air, Window Unit(s)

Appliance Washer, Refrigerator, Range, Microwave, Dryer

Exterior

Exterior Feature Porch(es)

View Y/N No

Roof Type Asphalt

Garage No

Building

Story 2

Sewer Public

Water Public

Structure Type Aluminum Siding,Brick

Schools

School District Detroit

Others

Tax ID W18I010029S

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Golden Key Realty Group LLC

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Shree Patel

+1(734) 447-7113

Agent

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2398 Stair Street Detroit, MI 48209

Shree Patel

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2398 Stair Street