This well-maintained, fully tenanted duplex in a prime area of Detroit's east side has been optimized as an investment asset for Detroit's evolving rental market, with professional management, high-standard maintenance and tenants in good standing with Section 8 leases.The upper and lower units both have three bedrooms, charming details and… Read More spacious, well-proportioned rooms. Residents enjoy garage access, a divided basement with laundry, updated appliances and attractive finishes. Renovations include major expenses like furnace and water heaters. The roof is comfortably within its life expectancy; the exterior and concrete work are well maintained; and all the windows have been upgraded to Pella windows with aluminum trim. The attic is easily accessible, making it ideal for on-site owner storage or future expansion. Outside, a tidy yard and solid two-car garage offer additional tenant amenities.Located in Morningside, a neighborhood known for its charming yesteryear character, established rental market and proximity to shopping, highway access and the ongoing economic development along the East Warren Streetscape Initiative. An attractive opportunity for investors seeking a long-term hold with stable cashflow, the property is optimized for ongoing rental licensing and Section 8 approval to help avoid administrative hassle as the city implements its new rental compliance initiative. Showings are gladly accommodated with a contingent offer. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of O'Connor Realty Detroit, LLC, [email protected], (313) 963-9891.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Multifamily
Square Ft.
2,200
Year Built
1928
MLS Number
20261072160
30 Days Snapshot Of 48224
$98k
+15%
(avg) sold price
42
-23%
homes sold
90
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 2 leased units, 2 three-bedroom units, Built in 1928, Architectural style: Tudor, Brick, 2,200 total square feet, 2,200 combined square feet, 1,100 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Natural Gas, Public (Municipal), Separate Meters
Heating
Forced Air, Natural Gas
Interior Features
Laundry Facility
Lot
Lot size dimensions: 40x114
Miscellaneous
Gross scheduled income: $26,340, Income projection: Actual, Monthly rental income: $2,195, Net operating income: $0
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