Completely renovated duplex and ready for its next owner, 3273 Cortland offers two spacious 3-bedroom, 1-bath units with projected rental potential of up to $3,100/month - an impressive combination of condition, income potential, and flexibility for both investors and owner-occupants. Extensively renovated in 2024, nearly every aspect of the property… Read More has been updated, including a new roof, new windows, updated kitchens and bathrooms, luxury vinyl plank flooring, fresh interior and exterior paint, and updated plumbing, electrical, and mechanicals. Outside, the improvements continue with new front and rear decks, a fully fenced backyard, and a newly built 2-car garage. Separate gas and electric meters help simplify tenant management. For investors, projected rents of up to $3,100/month provide $37,200 in potential annual gross income and the potential for an approximately 12% cap rate based on projected rents and estimated expenses at the current asking price. Both units are currently vacant, giving the next owner control from day one - select your own tenants and establish new leases, or occupy one unit and rent the other to help offset your housing costs. Conveniently located near Henry Ford Hospital, Wayne State University, Midtown, the Motown Museum, Downtown Detroit, major roads, schools, and area amenities. With the major renovations already completed, strong projected rental potential, and two fully available units, 3273 Cortland is ready for an investor to put to work or an owner-occupant to call home. Schedule your private showing today. BATVAI. No Seller-Financing or Land Contract offers will be presented to the seller. Video and audio recording may be in place. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of EXP Realty Main, [email protected], (888) 501-7085.
Listing Snapshot
Days Online
41
Last Updated
Property Type
Multifamily
Square Ft.
2,700
Lot Size
0.1 Acres
Year Built
1924
MLS Number
20261066514
30 Days Snapshot Of 48206
$201k
+70%
(avg) sold price
18
+12%
homes sold
95
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Partially Finished, Basement?: 1
Building
2 total units, 2 three-bedroom units, Built in 1924, Remodelled in 2024, Architectural style: Upper/Lower Apartment, Brick, 2,700 total square feet, 3,375 combined square feet, 675 lower floor square feet, 1,350 total basement square feet, Unit count: 2
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