Multi-Family Investment Opportunity Located just outside the desirable Aviation Subdivision on Detroit's west side, presents a strong value-add opportunity for investors seeking cash flow and long-term appreciation. This solid brick, two-unit multifamily property features two spacious two-bedroom apartments, each offering: Two, two-bedroom apartments equipped with: • Expansive living room with… Read More fireplace • Formal dining room • Functional kitchen layout • Full bathrooms •Two generously sized bedrooms The property retains classic architectural character and offers substantial upside potential. While it does require cosmetic updates, the structure itself is solid - making it an ideal light-rehab project for investors looking to build equity quickly. Additional features include a massive basement with two large, separate storage areas - one designated for each unit - providing added convenience for tenants and increased rental appeal. With current two-bedroom payment standards through Michigan State Housing Development Authority (MSHDA), is $1313 per two bedroom, this property has projected income of $2626 per month and $31, 512 per year. Presents a compelling opportunity for Section 8 or other housing assistance rental strategies. Whether you're expanding your portfolio or entering the multifamily market, this is a prime opportunity in a stable west-side Detroit location. THIS DEAL WILL GO FAST! ACT NOW! Read Less
Courtesy of Prestige Realty Services LLC.
Listing Snapshot
Days Online
42
Last Updated
Property Type
Multi-Family
Square Ft.
1,870
Lot Size
0.08 Acres
MLS Number
60976461
30 Days Snapshot Of 48204
$1k
-19%
(avg) sold price
1
0%
home sold
25
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Building
1,870 square feet, 2 total units, Built in 1929, Tudor
Exterior Features
Brick
Foundation
Basement
Water Features
Public Water at Street
Heating
Natural Gas, Forced Air
Income
Net operating income: $20,000
Lot
Lot size: 35X103, 0.08 acres
Property
Residential
Sewer
Public At Street
Taxes
Total amount: $818
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