Here's a rare investor opportunity - a fully updated duplex with both units occupied by Section 8 tenants backed by the government. This Detroit duplex features two 2-bedroom, 1-bath units, both currently rented through Section 8 at $1,150/month and $950/month, for a total monthly rent roll of $2,100/month and $25,200/year… Read More in gross scheduled income. The property has been recently refreshed, helping reduce near-term maintenance concerns and support tenant retention. Updates include brand-new vinyl windows, fresh paint throughout, new plush carpeting, updated kitchen cabinets and countertops, and new furnaces for improved efficiency and reliability. From a buy-and-hold perspective, this asset checks several important boxes: two occupied units, Section 8 rental income, separate income streams, updated interiors, and major mechanical improvements already completed. The duplex setup also helps reduce reliance on a single tenant, while the 2-bedroom unit mix remains practical and rentable in Detroit's investor market. Priced at $170,000, the property offers an attractive 14.8% gross rent-to-price return and a 1.24% monthly rent-to-price ratio. For DSCR buyers, the current rent roll creates strong debt coverage potential. Based on a typical 75% LTV scenario, the estimated loan amount would be approximately $127,500, giving investors a solid income base to work with. Final DSCR will depend on lender rate, taxes, insurance, and underwriting, but the rental income is compelling for investors looking for cash-flowing Section 8 product. For investors seeking immediate rental income, DSCR potential, and strong gross rent performance at a reasonable price point, this duplex deserves a serious look. Please do not disturb tenants. Showings available with accepted full-list offer only. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams First, [email protected], (810) 515-1503.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Multifamily
Square Ft.
2,450
Lot Size
0.09 Acres
Year Built
1923
MLS Number
20261046553
30 Days Snapshot Of 48204
$129k
+91%
(avg) sold price
11
-21%
homes sold
71
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 2 leased units, 2 two-bedroom units, Built in 1923, Remodelled in 2025, Architectural style: Duplex, Brick, 2,450 total square feet, 2,450 combined square feet, 1,075 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.09, Lot size dimensions: 35X106
Miscellaneous
Gross scheduled income: $25,200, Income projection: Actual, Monthly rental income: $2,100, Net operating income: $25,200
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