This multifamily property, in the Art Center neighborhood of Midtown, is a prime investment opportunity for the savvy house hacker or investor. The home features two spacious units, offering an incredible income potential, plus value add opportunity upgrading the massive attic to a third floor apartment. Those wanting to occupy… Read More one of the flats as their primary residence can cut their housing payment in half with the incoming rent. New lending guidelines require only 5% down! Each unit comes complete with a suite of modern appliances, including a refrigerator, range, dishwasher, microwave, washer, and dryer. The upper unit boasts four bedrooms and two baths, plus central air, providing comfortable and attractive living space. The lower unit has three bedrooms and one bath, plus a private basement, rec room with 1/2 bath. Shared yard and laundry room. Large two car garage. Situated in a strategic location, this property is just moments away from Wayne State University, two major medical system complexes, three freeways, and a short walk to bustling Woodward Avenue, city bus and Q-Line light rail. With its outstanding rental history, central location, and strong potential for appreciation, this investment opportunity is not to be missed for those looking to capitalize on Detroit's dynamic real estate market. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse, (313) 658-6400
Listing Snapshot
Days Online
37
Last Updated
Property Type
Multifamily
Square Ft.
2,914
Lot Size
0.13 Acres
Year Built
1920
MLS Number
20261014489
30 Days Snapshot Of 48202
$126k
+38%
(avg) sold price
8
-11%
homes sold
110
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Finished, Private, Basement?: 1
Building
2 total units, 1 leased unit, 1 three-bedroom unit, Built in 1920, Architectural style: Duplex, Brick, 2,914 total square feet, 4,214 combined square feet, 1,300 lower floor square feet, 1,457 total basement square feet, Unit count: 2
Cooling
Central Air
Exterior Features
Lighting, Private Entry
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Entrance Foyer, High Spd Internet Avail, Laundry Facility
Lot
Lot size area: 0.13, Lot size dimensions: 33.00 x 171.00
Miscellaneous
Gross scheduled income: $50,400, Income projection: Projected, Monthly rental income: $4,200, Net operating income: $50,400, Operating expense: $0
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