A compelling income-producing opportunity in Detroit's University District, offering extensive renovations, established rental income, and additional value-add potential. Currently occupied, the property features two beautifully renovated primary units, each with an open layout, refinished original hardwood floors, solid wood cabinetry, updated bathrooms including an ensuite bath, and dedicated in-unit laundry… Read More hookups. Major improvements include new electrical, plumbing, HVAC, water heaters, windows, and roof. The upper residence also extends to a bonus third-floor en-suite with luxurious bathroom. The lower level has been framed and drywalled with a completed bathroom and separate laundry area, providing an opportunity to further maximize the property. Ideally positioned near the University of Detroit Mercy, Marygrove, Livernois Avenue of Fashion, restaurants, shopping, and continued redevelopment along McNichols. An excellent opportunity to acquire a substantially renovated property with rental income already in place and additional upside. One unit is currently leased at $1,700/month through May 31, while the second is leased at $1,800/month on a month-to-month basis. Read Less
Courtesy of @properties Christie's Int'l R.E. Birmingham.
Listing Snapshot
Days Online
45
Last Updated
Property Type
Single Family Residence
Beds
5
Full Baths
5
Square Ft.
3,673
Lot Size
0.09 Acres
Year Built
1928
MLS Number
61033193
Additional Details
Property Access
Frontage Length: 38, Road Surface: Paved
Appliances & Equipment
Dishwasher, Dryer, Range/Oven, Refrigerator, Washer, Gas Water Heater
Basement
Partially Finished
Building
Built in 1928, Living area: 3673, Living area units: Square Feet, Levels: More than 2 Stories, Construction Materials: Brick
Cooling
Central Air
Disclosures
Signed Disclosure
Exterior Features
Patio/Porch Features: Porch
Fireplaces
Living Room
Foundation
Basement
Garage
1 space
Heating
Natural Gas, Forced Air
Interior Features
Cable/Internet Avail.
Laundry
In Basement
Lot
0.09 acres, Dimensions: 38.00 x 100.00
Parking
1 covered space, 1 total parking space
Pets Policy
Allowed: Yes
Sewer
Public At Street
Taxes
Annual Amount: $8,839, Legal Description: E WARRINGTON DR 99 S 7.5 FT 98 KEANS SUB L14 P57 PLATS, W C R 2/136 37.50 X 100
Utilities
Water Source: Public Water at Street
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