Exceptional two-family investment opportunity in Detroit's Virginia Park neighborhood, ideally located between the highly desirable La Salle Gardens and Boston-Edison districts. This spacious property offers over 2,700 sq. ft. of living space and has been fully cleaned out and stripped down, providing a blank canvas for investors or developers to… Read More bring their vision to life. The layout allows for two large units, with Unit 1 offering potential for 3 bedrooms and 2 bathrooms and Unit 2 offering potential for 4 bedrooms and 3 bathrooms. Based on current rental trends, Unit 1 could potentially generate around $1,700 per month, while Unit 2 may rent for approximately $1,900-$2,000 per month, making this an excellent value-add opportunity with strong upside potential for investors looking to renovate and maximize ARV. Located near Henry Ford Hospital, Wayne State University, Motown Museum, Gordon Park, and Congregation Coffee, placing it in the center of one of Detroit's most active and growing areas. Additional features include a large basement and detached garage. Property is in construction condition; use caution when touring and enter at your own risk. BATVAI. Property is being sold as-is. Measurements are estimates and should be verified by the Agent. Seller is a licensed agent in the state of Michigan and has interest in the property. BATVAI/IDLBNG Measurements are estimated BTVAI. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of DTW Experts LLC, (313) 572-8419
Listing Snapshot
Days Online
19
Last Updated
Property Type
Multifamily
Square Ft.
2,300
Lot Size
0.1 Acres
Year Built
1920
MLS Number
20261016577
30 Days Snapshot Of 48206
$104k
-11%
(avg) sold price
16
0%
homes sold
90
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Other
Basement
Basement?: 1
Building
2 total units, 2 three-bedroom units, Built in 1920, Architectural style: Duplex, Brick, Cedar, 2,300 total square feet, 2,300 combined square feet, 1,435 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Michigan Basement
Garage
Garage?: 0
Water Features
Other
Heating
Other
Lot
Lot size area: 0.10, Lot size dimensions: 35X120.5
Miscellaneous
Gross scheduled income: $0, Income projection: Projected, Monthly rental income: $0, Net operating income: $0
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