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Jasmine Sheffield

jasmine@jasminesheffield.com +1(734) 624-7562

$ 315,000

Est. payment | -/mo

3 Baths

2,016 SqFt

Save

$ 315,000

Est. payment | -/mo

Save

3 Baths

2,016 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $156

Subdivision Burns Sub Of Pt Lt 7 Sub Pc 60 S Of Dix Road

MLS Listing ID 20261064156

Style Triplex

Full Baths 2

Half Baths 1

Year Built 1922

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type MultiFamily

Property Description

Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow — don't miss this one!

Location

State MI

County Wayne

Area Area05101Detsouthofgrandriver

Rooms

Basement Finished

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Window Units

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Listed by Valbona Vulaj of Golden Key Realty Group LLC

NEARBY SCHOOL & BUSINESS

+1(734) 624-7562

jasmine@jasminesheffield.com

42949 W Seven Mile Rd, Northville, MI 48167, United States

2398 Stair ST Detroit, MI 48209