Turnkey investment opportunity situated in the highly desirable Boston-Edison Historic District. This beautifully renovated property is fully occupied and producing $4,600 per month in rental income, offering immediate cash flow for investors seeking a stable addition to their portfolio. Extensive updates have been completed throughout the home, blending modern finishes… Read More with the timeless character that defines this historic neighborhood. Located in one of Detroit's most prominent and steadily revitalizing areas, the property provides convenient access to major employment hubs and some of the city's most recognized destinations. Residents enjoy close proximity to the Motown Museum, Henry Ford Hospital, and the vibrant shops, restaurants, and entertainment options along the Woodward Avenue corridor. The neighborhood is known for its stunning historic homes, mature tree-lined streets, and ongoing investment that continues to strengthen property values and tenant demand. With reliable rental income already established and a prime location within one of Detroit's most notable historic communities, this property presents an exceptional opportunity for investors focused on both strong cash flow and long-term appreciation potential. Read Less
Courtesy of NATOD Management.
Listing Snapshot
Days Online
12
Last Updated
Property Type
Multi-Family
Square Ft.
4,870
Lot Size
0.14 Acres
MLS Number
60978039
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
Property Access
Paved Street
Building
4,870 square feet, 4 total units, Built in 1924, Style: 2 Story
Exterior Features
Brick
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $40,000
Lot
Lot size: 52.5X120.5, 0.14 acres
Taxes
Total amount: $4,369
Unit One
Rent: $1,150
Unit Two
Rent: $1,150
Unit Three
Rent: $1,150
Unit Four
Rent: $1,150
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