Exceptional investment opportunity in desirable Russell Woods! This solid tri-plex offers strong long-term growth potential in one of Detroit's consistently sought-after rental areas. The property features one spacious 3-bedroom unit (1st floor) and two 1-bedroom units (2nd floor). The 3-bedroom has rented for $1,450/month, while the 1-bedroom units command $800… Read More and $900/month, with potential for even higher rents in today's market.A;All units offer two private entrances and separate electric service for added tenant convenience. A common basement provides tenant laundry facilities and additional storage potential. Off-street parking includes a rear parking pad accommodating up to three vehicles.A;Rental certified with the City of Detroit, this income-producing property is well-positioned for both steady cash flow and future appreciation. A rare opportunity to own a highly desirable tri-plex in Russell Woods! Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Time Wise Realty Group LLC, (734) 590-1150
Listing Snapshot
Days Online
45
Last Updated
Property Type
Multifamily
Square Ft.
2,668
Lot Size
0.09 Acres
Year Built
1930
MLS Number
20261010032
30 Days Snapshot Of 48238
$86k
+91%
(avg) sold price
14
+27%
homes sold
117
+40%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
3 total units, 1 leased unit, 2 one-bedroom units, 1 three-bedroom unit, Built in 1930, Architectural style: Triplex, Brick, 2,668 total square feet, 4,002 combined square feet, 1,334 lower floor square feet, 1,334 total basement square feet, Unit count: 3
Exterior Features
Awning/Overhang(s)
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Hot Water, Natural Gas
Lot
Lot size area: 0.09, Lot size dimensions: 35X116
Miscellaneous
Gross scheduled income: $41,760, Income projection: Projected, Monthly rental income: $2,900, Net operating income: $30,000
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