Description
Multi-Family Investment Opportunity Located just outside the desirable Aviation Subdivision on Detroit’s west side, presents a strong value-add opportunity for investors seeking cash flow and long-term appreciation. This solid brick, two-unit multifamily property features two spacious two-bedroom apartments, each offering: Two, two-bedroom apartments equipped with: Expansive living room with fireplace Formal dining room Functional kitchen layout Full bathroomsTwo generously sized bedrooms The property retains classic architectural character and offers substantial upside potential. While it does require cosmetic updates, the structure itself is solidmaking it an ideal light-rehab project for investors looking to build equity quickly. Additional features include a massive basement with two large, separate storage areasone designated for each unitproviding added convenience for tenants and increased rental appeal. With current two-bedroom payment standards through Michigan State Housing Development Authority (MSHDA), is $1313 per two bedroom, this property has projected income of $2626 per month and $31, 512 per year. Presents a compelling opportunity for Section 8 or other housing assistance rental strategies. Whether you’re expanding your portfolio or entering the multifamily market, this is a prime opportunity in a stable west-side Detroit location. THIS DEAL WILL GO FAST! ACT NOW!
Details
| MLS # | 20261061502 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 18 |
| Listing Provided By | Prestige Realty Services LLC | Arnita M Parham |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 1,870 |
| Basement | Y |
| Story(s) | 3 |
| Units | 2 |
| Zoning | Residential |
| Acreage | 0.08 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement, Brick Mortar |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Taxes
| Tax Annual Amount | 818 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48204 |
| Area | Det |
| Community Name | J W FALES |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in J W FALES) | |
Price: $75,000 low | high Med: $95,900 sqft: 1,870 low | high Med: 1,888 $ / sqft: $40 low | high Med: $51 On site: 18 low | high Med: 51 | |
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48204 |
| Area | Det |
| Community Name | J W FALES |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in J W FALES) | |
Price: $75,000 low | high Med: $95,900 sqft: 1,870 low | high Med: 1,888 $ / sqft: $40 low | high Med: $51 On site: 18 low | high Med: 51 | |
