Great opportunity to own a 3-unit multifamily in Detroit's Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month. The rehabbed 2-bedroom was previously rented for $1,322/month, and the rehabbed studio… Read More previously rented for $900/month, creating projected gross rents of approx. $3,400/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Sine & Monaghan LLC, (313) 884-7000
Listing Snapshot
Days Online
81
Last Updated
Property Type
Multifamily
Square Ft.
1,722
Lot Size
0.08 Acres
Year Built
1928
MLS Number
20261002902
30 Days Snapshot Of 48227
$69k
-13%
(avg) sold price
24
-31%
homes sold
93
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
3 total units, 1 leased unit, 1 efficiency unit, 1 one-bedroom unit, 1 two-bedroom unit, Built in 1928, Remodelled in 2026, Architectural style: Colonial, Craftsman, Brick, 1,722 total square feet, 1,722 combined square feet, 984 total basement square feet, Unit count: 3
Cooling
Ceiling Fan(s), Central Air, Wall Unit(s)
Exterior Features
Chimney Cap(s), Lighting, Fenced
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Natural Gas, Public (Municipal)
Heating
Baseboard, Forced Air, Electric, Natural Gas
Lot
Lot size area: 0.08, Lot size dimensions: 34 x 101
Miscellaneous
Gross scheduled income: $40,824, Income projection: Projected, Monthly rental income: $3,402, Net operating income: $40,824
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