Turnkey investment opportunity in Detroit's Dexter-Linwood neighborhood, steps from the historic Boston-Edison district. This well-maintained 2,530 sq ft duplex offers two spacious 2-bedroom, 1-bath units, each benefiting from recent updates and true pride of ownership, including a brand new roof and HVAC system both installed in 2022. A rare find… Read More for investors and owner-occupants alike. The lower unit is currently occupied, giving the new owner full flexibility to move in and house hack by living in one side while the other helps cover the mortgage. Based on current area comps, the property carries an estimated combined market rent of $2,800 a month at $1,400 per unit, offering strong cash flow potential from day one. Location seals the deal, with this address sitting minutes from the tree-lined mansion streets of the Boston-Edison Historic District and Voigt Park, and just up the road from New Center, where major investment continues to reshape the corridor, including Henry Ford Health's 1.2-million-square-foot ''Destination: Grand'' expansion and the Detroit Pistons' upcoming 154-unit apartment development. Wayne State University and Midtown's restaurants, shops, and cultural venues are under two miles away, with downtown Hamtramck's retail and dining scene just a mile east. Whether you're an investor chasing reliable rental income in an appreciating corridor or a first time buyer looking to house hack your way into ownership, this duplex is a compelling play in one of Detroit's most promising submarkets. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of NATOD Management, [email protected], (248) 609-7108.
Listing Snapshot
Days Online
37
Last Updated
Property Type
Multifamily
Square Ft.
2,530
Lot Size
0.11 Acres
Year Built
1922
MLS Number
20261053779
30 Days Snapshot Of 48206
$55k
-51%
(avg) sold price
12
-20%
homes sold
93
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 1 leased unit, 2 two-bedroom units, Built in 1922, Architectural style: Colonial, Brick, 2,530 total square feet, 2,530 combined square feet, 1,265 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: 0.11, Lot size dimensions: 36X135
Miscellaneous
Gross scheduled income: $33,600, Income projection: Projected, Monthly rental income: $2,800, Net operating income: $33,600
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