Exceptional two-family investment opportunity in Detroit's Virginia Park neighborhood, ideally located between the highly desirable La Salle Gardens and Boston-Edison districts. This spacious property offers over 2,700 sq. ft. of living space and has been fully cleaned out and stripped down, providing a blank canvas for investors or developers to… Read More bring their vision to life. The layout allows for two large units, with Unit 1 offering potential for 3 bedrooms and 2 bathrooms and Unit 2 offering potential for 4 bedrooms and 3 bathrooms. Based on current rental trends, Unit 1 could potentially generate around $1,700 per month, while Unit 2 may rent for approximately $1,900–$2,000 per month, making this an excellent value-add opportunity with strong upside potential for investors looking to renovate and maximize ARV. Located near Henry Ford Hospital, Wayne State University, Motown Museum, Gordon Park, and Congregation Coffee, placing it in the center of one of Detroit's most active and growing areas. Additional features include a large basement and detached garage. Property is in construction condition; use caution when touring and enter at your own risk. BATVAI. Property is being sold as-is. Measurements are estimates and should be verified by the Agent. Seller is a licensed agent in the state of Michigan and has interest in the property. BATVAI/IDLBNG Measurements are estimated BTVAI. Read Less
Courtesy of DTW Experts LLC.
Listing Snapshot
Days Online
19
Last Updated
Property Type
Multi-Family
Square Ft.
2,300
Lot Size
0.1 Acres
MLS Number
60976916
30 Days Snapshot Of 48206
$1k
-28%
(avg) sold price
2
-50%
homes sold
48
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
MI Basement
Building
2,300 square feet, 2 total units, Built in 1920, Style: 2 Story, Duplex
Cooling
Other
Exterior Features
Brick, Cedar
Heating
Other-See Remarks
Income
Net operating income: $0
Lot
Lot size: 35X120.5, 0.1 acres
Property
Multi-Family
Taxes
Total amount: $1,787
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