Investor Special in Herman Kiefer Redevelopment Zone. A prime opportunity for investors ready to bring their vision to life. Major updates already completed including new windows, new roof, new framing, and new trim, all within a solid all brick structure.A;Positioned for strong returns, this property is ideal for cash flow,… Read More house hacking, or short term rental potential. The deep backyard adds additional value and flexibility for future use.A;Located in the heart of the Herman Kiefer redevelopment zone, just steps from The Congregation Detroit and minutes from the $3B Henry Ford Hospital expansion, this area is experiencing rapid growth and revitalization.A;A;A rare chance to invest in one of Detroit's most promising corridors with multiple exit strategies and long term upside. Available for package deal with 1693 Lee Pl. (20261019060) Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of KW Metro, (248) 288-3500
Listing Snapshot
Days Online
14
Last Updated
Property Type
Multifamily
Square Ft.
2,022
Lot Size
0.07 Acres
Year Built
1916
MLS Number
20261018038
30 Days Snapshot Of 48206
$101k
-18%
(avg) sold price
18
+28%
homes sold
93
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Alley
Basement
Unfinished, Basement?: 1
Building
2 total units, 2 two-bedroom units, Built in 1916, Architectural style: Duplex, Brick, 2,022 total square feet, 2,022 combined square feet, 1,011 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Other, Natural Gas
Lot
Lot size area: 0.07, Lot size dimensions: 30X100
Miscellaneous
Gross scheduled income: $33,600, Income projection: Projected, Monthly rental income: $2,800, Net operating income: $31,800, Operating expense: $1,800
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