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$152,000
Est. payment /mo
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261086764
Year Built 1916
Annual Tax Amount $3,219
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30X136.63
Source Realcomp
Property Description
Live in one, rent the other, or rent both! Listed at $153,000, 5378–5382 Vancouver Street is an updated brick duplex with two 2-bedroom units and about 2,088 square feet. Numerous updates, appliances included, and new mechanicals add value and appeal for investors, owner-occupants, and house hackers.At projected rents of $1,250 per unit, this property offers $2,500 in monthly gross rental potential ($30,000 annually) and an estimated 12.1% pro forma cap rate. Rent both units to grow your portfolio, or occupy one while the other's rental income helps offset your housing costs.Located in Detroit's west-side Tireman area with convenient access to New Center, Henry Ford Hospital, and Downtown's dining, entertainment, and employment destinations. Updated, available, and ready for your next move. Schedule your showing today!Projected cap rate uses full rental income, reported annual taxes of $2,818, estimated insurance of $1,200, and a 25% allowance for vacancy and other operating costs. Actual results may vary. Buyer to verify all information.
Location
State MI
County Wayne
Zoning Multi-Family
Direction From I-96, take the Livernois Avenue exit and head north toward W. Chicago. Continue toward Vancouver Street and Northfield Street. The property is located on Vancouver near Northfield.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Structure Type Aluminum Siding
Schools
School District Detroit
Others
Tax ID W16I002860S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Listed by KW Metro
NEARBY SCHOOLS & PROPERTIES
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