Great opportunity to own a 3-unit multifamily in Detroit's Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month. The rehabbed 2-bedroom was previously rented for $1,322/month, and the rehabbed studio… Read More previously rented for $900/month, creating projected gross rents of approx. $3,400/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities. Read Less
Courtesy of Sine & Monaghan LLC.
Listing Snapshot
Days Online
79
Last Updated
Property Type
Multi-Family
Square Ft.
1,722
Lot Size
0.08 Acres
MLS Number
60965168
30 Days Snapshot Of 48227
$1k
0%
(avg) sold price
0
-100%
homes sold
6
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Basement
Block
Building
1,722 square feet, 3 total units, Built in 1928, Style: 2 Story, Colonial
Cooling
Ceiling Fan(s), Central A/C, Wall/Window A/C
Exterior Features
Brick, Fenced Yard, Porch
Foundation
Basement
Water Features
Gas, Public Water
Heating
Electric, Natural Gas, Baseboard, Electric Heat, Forced Air
Income
Net operating income: $40,824
Lot
Lot size: 34 x 101, 0.08 acres
Parking
On Street
Property
Residential
Taxes
Total amount: $1,028
Unit Two
Rent: $1,180
Unit Five
Bedroom 2 width: 34
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