Courtesy: Detroit Metro Realty
Kingsley Ifezue
586-256-3945
Attention investors! This multi-family quadruplex in Detroit offers incredible potential. Located just minutes from downtown Detroit, this property is ideally situated near public transportation, schools, and major freeways, ensuring convenience for future tenants. Each of the four units features separate meters, making it an excellent candidate for rental income. While the property requires renovation, it provides a blank canvas for customization and modernization. This property is being sold as-is, offering a unique chance to invest in Detroit's rapidly growing real estate market. Don't miss this opportunity to transform this quadruplex into a profitable income-generating property! For more details or to schedule a viewing, contact us today!
Apartment building just outside of East Village. Buyer to verify all information regarding building: including unit count and bedroom/bathroom count. Tons of potential and upside. Surrounded by the Villages, Belle Isle, Short ride to downtown, etc. NEEDS COMPLETE REHAB. NO INTERIOR SHOWINGS, SOLD AS-IS. PRICED ACCORDINGLY.
Welcome to 540-542 Holbrook Ave, a beautifully maintained duplex that�s perfect for investors or owner-occupants! Each unit boasts 2 spacious bedrooms, 1 bathroom, and stunning hardwood flooring throughout. Both units have been freshly painted, offering a clean, modern feel that tenants will love. Recent updates include a brand-new roof, updated plumbing, gutters and modernized electrical systems, ensuring peace of mind for years to come. The property also features a 2-car garage and sits next to a sizable lot, providing ample outdoor space for recreation, gardening, or future development opportunities. Currently, both units are rented on month-to-month leases at $1,000 per unit, with rental comps in the area averaging $1,200 per unit, offering significant potential for increased cash flow.
This charming two family flat is conveniently situated within blocks of the Detroit River, near Downtown Detroit and the vibrant riverfront community just a stoneââ?¬â?¢s throw away. The property offers a range of possibilities: Investment Opportunity: You can choose to live in one of the units while renting out the other. Let someone else contribute to your mortgage payments. Single Family Home: Alternatively, you have the option to use the entire home as a large single-family residence. Flexible Floor Plan: The current floor plan has been thoughtfully modified to function as a single-family home, but it can easily be converted back to a multi-unit layoutââ?¬â??the decision is entirely yours. Key features of this property include: Two Spacious Units: Each unit provides ample living space.Hardwood Floors: Enjoy the timeless elegance of hardwood flooring.Abundant Windows: Natural light floods the interior, creating a warm and inviting atmosphere.Separate Furnaces: Ensuring comfort and control for each unit. Come see what this home has to offer.
TRUE, 3 UNIT BRICK TRIPLEX = 3 X THE RENT. 3 OF EVERYTHING, 3 BED MAIN FLOOR, 1 & 1 BED UPSTAIRS, SPERATE ENTRANCES, KITCHENS, BATHROOMS, ETC. 2600 FT. 3 X GAS & ELECTRIC METERS, 3 FURNACES, HOT WATER HEATERS, NEW ELETRIC WIRES CIRCUIT BREAKER BOXES, 3/4'' OAK HARDWOOD FLOORS (WEAR LIKE IRON) NEW WINDOWS, NEW KITCHEN(S) & BATHROOM(S), *OWNER IS AN ENGINEER WHO IS CURRENTLY RENOVATING & SAYS 'MAKE AN OFFER, LETS NEGOIATE' POSSIBLE FOR HIM TO FINISH SOME THINGS, LIKE INSTALLING FURNACES ETC. BEFORE CLOSING, UP & COMING AREA, GREEN SPACE TO THE LEFT SIDE, OWNER MAY BE WORKING WHEN U COME/LOCKBOX, POTENTIAL RENT IS UP CLOSE TO $3,000 PER MONTH, TAXES ARE CURRENTLY LESS THAN $50 PER MONTH, *SHOWS START WED AFTERNOON*
**Investment Opportunity Awaits!** Calling all investors or owner occupants. This charming property is a diamond in the rough, ready for your personal touch. With a bit of sweat equity, it can be transformed into a profitable flip, a reliable rental, or a cozy home for owner-occupants. Key Features: - **Versatile Space:** Ideal for flipping or renting, with plenty of potential to increase value. - **As-Is Sale:** Opportunity to customize and renovate to your liking. Donâ??t miss out on this chance to invest in a property with great potential! Schedule your appointment today. Sold As Is. Buyer to verify all information. BATVAI
Welcome to a prime investment opportunity just outside Indian Village! This well-maintained duplex, located just off Mack Ave, offers two meticulously updated unitsââ?¬â??a spacious 3-bedroom on the lower level and a cozy 2-bedroom on the upper. The lower unit shines with newly refinished floors, a fully renovated bathroom, and a beautifully updated kitchen complete with a dishwasher, pantry, and formal dining room, plus a convenient mudroom that adds both style and function. The upper unit mirrors the charm with new carpeting and similar upgrades, providing a cohesive and inviting living space. Each unit enjoys the privacy of a divided basement, with dedicated laundry appliances on each side. A semi-fenced backyard offers space for outdoor gatherings, complemented by ample backyard. Whether you're an investor seeking a smart addition to your portfolio or a homebuyer interested in house hacking, this duplex combines modern updates, functional design, and an unbeatable location. Donââ?¬â?¢t miss the chance to explore the unique potential of this property!
VERY WELL MAINTAINED 2 UNIT BRICK MULTI-FAMILY IN DETROIT! UPPER AND LOWER UNITS EACH HAVE 3 BEDROOMS, 1 BATH, KITCHEN, LIVING ROOM AND EACH UNIT HAS ITS OWN SEPARATE ENTRANCE. THIS MULTI-FAMILY ALSO BOASTS A SHARED UNFINISHED BASEMENT WITH LAUNDRY. LIVE IN ONE WHILE RENTING THE OTHER! IDRBNG
Courtesy: Keller Williams Somerset
Joseph Hammel
Excellent opportunity to own and operate a 14 unit apartment building on the far west side of Detroit. An already well managed asset, this building falls on the immediate border of Redford and Dearborn Heights, and surrounding home values and rents contribute to a potentially bright future of appreciation. This property both cash flows now and has meat on the bones for rent increases that will lead to a higher NOI and ultimately a higher valuation as a result. Offering memorandum and rent roll available upon request.
Unlock the potential of this partially completed renovation! This property features two spacious 2-bedroom, 1-bath units with thoughtfully designed layouts. Recently updated with stunning new siding, it�s already showing incredible curb appeal. Electrical, plumbing, and carpentry work have been partially completed, giving you a solid head start on finishing this amazing project. The contractor abandoned the project, so our loss is your gain. This is your chance to take advantage of a fantastic opportunity. Don't miss out on transforming this property into a showstopper! Buyer to pay 495 transaction fee to listing broker at closing.
Discover a prime investment opportunity with this four-unit multifamily property located at 5907 Iroquois Street in Detroit. The building comprises three spacious three-bedroom units and one two-bedroom unit, offering a versatile portfolio for potential investors. Current Rental Income: � Unit 1: Three bedrooms, rented at $1,650/month � Unit 2: Three bedrooms, rented at $1,650/month � Unit 3: Two bedrooms, rented at $950/month � Unit 4: Three bedrooms, currently vacant With one unit available, there�s immediate potential to increase revenue by leasing the vacant space. Property Highlights: � Total of 11 bedrooms and 4 bathrooms across all units � Each unit features a comfortable layout suitable for various tenant needs � � Conveniently located near I-94, providing easy access to downtown Detroit, just a 10-minute drive away ? This property presents an excellent opportunity for both seasoned investors and those new to real estate investment. The combination of occupied units generating steady income and a vacant unit ready for occupancy makes this a compelling addition to any portfolio. Financial Overview: � Current monthly rental income: $4,250 � Potential monthly rental income (fully occupied): $5,900 � Annual gross income potential: $70,800 Don�t miss out on this chance to invest in a property with substantial income potential in a prime Detroit location. Contact us today to schedule a viewing or for more information.
Jefferson-Chalmers House Hack-ready brick duplex, the upper flat already with a tenant in place, and income producing. This versatile residence is also ideal for investors looking for a stable and well-maintained home. The main floor offers a welcoming living room with a natural fireplace and pewabic tile, a pristine, vintage kitchen, two bedrooms, and a full bath; newer LVP runs throughout the first floor. The second-floor unit includes two additional bedrooms, a full bath, a second living room, and a kitchen renovated in 2022, LVP throughout, plus a screened balcony looking into Grosse Pointe. Separate rear entrances provide privacy for each level, enhancing rental potential. Recently updated, the home boasts a newer roof, vinyl windows, basement glass block windows, a fully brick exterior, dual furnaces and central AC installed in 2022, a shared hot water tank (2022), and separate electrical panels (2022). Additional features include a fenced backyard, garage with opener, and a partially-finished basement with full bath. Located in the Historic Jefferson-Chalmers District, with parks, boat access, dining at the end of the street, and easy access to the Detroit River, Lake St. Clair, Downtown Detroit, and the Grosse Pointes.
Here is your chance to pick up a great property. All the work has been done for you. New roof, windows, plumbing, HVAC, electrical, etc. A homeowner can live in one unit and rent out the other for income. Great for air b-n-b or group home. The options are endless. The city has invested over 20 million into new streetscapes on Dexter and the surrounding areas. The house has passed all city inspections, rental-certified, and has a certificate of compliance. The property was recently appraised for $235,000. This means you get equity from day one! The buyer will pay a $495 transaction fee to Downtown Realty.
Explore an exceptional investment or intergenerational living opportunity with this historic multi-family home, formerly owned by legendary musician Ray Parker Jr. Nearly completed at 90% rehabbed, this property offers the finishing touches for a dream setup. Each unit features 2 spacious bedrooms, a full bathroom, a remodeled kitchen, and upgraded bath ââ?¬â?? all showcasing beautiful hardwood floors. Key updates include new furnaces, electric hot water tanks, recessed lighting, and an open floor plan. The electrical and plumbing systems are already completed, allowing a seamless transition. An unfinished basement provides ample storage and additional potential. Donââ?¬â?¢t miss this unique property blending history and modern updates!
This well-maintained two-family property is a prime investment opportunity. 2311 (unit) is already generating steady income with a lease in place until June 2025. Recent updates throughout the property provide peace of mind and reduced maintenance costs for years to come. Recent Upgrades Include: New Roof (2024) Updated Furnaces (2023) New Water Heater (2023) Upgraded Plumbing (2023) Renovated Bathrooms (2023) Modernized Electrical Systems (2024) The downstairs unit is currently vacant, offering immediate rental income potential or owner-occupancy. With all these upgrades and a competitive price, this property is truly priced to sell! Donââ?¬â?¢t miss out on this fantastic investmentââ?¬â??schedule a showing today!
Welcome to this amazing multi-family home in the highly sought-after Core City neighborhood of Detroit, just waiting for your finishing touches!! This property offers two units, each with its own entrance, perfect for those looking for an investment property to live in while renting out the other. This property features original hard wood floors, with the kitchens and restrooms being tile. The third floor of the home has additional space that can be finished for living or entertaining. Just a few short minutes away from all Downtown Detroit Festivities. Just North of Corktown!! SELLER IS NOW CONSIDERING LC FINANCING WITH AT LEAST 50% DOWN. CALL FOR DETAILS.
This duplex is being sold as-is, where-is. Owner believes that each unit has 2 bedrooms and 1 bathroom, but we are not sure. There is a non-paying tenant in the home, he will not be removed prior to closing. Tenant(s) come with the house and will require an eviction. Please do not approach. No showings will be allowed, owner does not have access to the house because of the tenants/squatters. BATVAI. Agent is related to Seller
This well-maintained 7-unit property is a fantastic investment, with 5 units currently rented and generating steady cash flow. The property offers a mix of 3 one-bedroom units and 4 two-bedroom units, providing great rental versatility. Don�t miss the opportunity to tour this income-producing asset today!
This well-maintained property offers 12 one-bedroom units, all updated in 2022. Tenants enjoy the convenience of on-site laundry facilities, and property management is in place for smooth operations. Tenants are responsible for electricity, while the owner covers gas and water expenses.
Welcome to 15782 Ohio, a Tenant Occupied Brick 2 unit 2 story Colonial Multifamily home located in the Fitzgerald / Marygrove area. Walking distance to the Ella Fitzgerald Greenway Park Path that connects The Marygrove Conservancy to The University of Detroit Mercy area. Home has newer model 3 dimensional design style roof, remote CCTV security monitoring on site and very well maintained original wood highlights throughout. Each unit has a sizable kitchen and separated dining room area. Living room flows into a dining area to be redesigned to marry the kitchen in a lovely union of open floor concept design, a great reward for those with the expertise and know how to do so. Walking distance from Marygrove College, Marygrove Early Education Center and Marygrove Highschool. Located near public transportation, Lollo Park, Ella Fitzgerald Park, Urban League of Detroit & Southeastern Michigan, Mary McLeod Bethune Elementary-Middle School, Grocery stores, The Avenue of Fashion and other fine points of interest. Home is very close to the John C. Lodge Freeway, a direct route to the newly remodeled Downtown Detroit area! Shown by appointment with 48 hour advance notice to qualified buyers, only after offer submission based upon inspection. Please do not approach property without a licensed agent and prior appointment, tenant has legal right to quiet peaceful enjoyment. Home being sold "As Is" with Warranty Deed transfer. Agent related to principle. Buyer representative to verify all information and water read ~ BATVAI ~ 495 office transaction fee buyer payable at closing.
Affordable Real Estate Investors Rehab Opportunity in the prime Eastern Market area and the iconic Heidelberg Project Artist Community. Loads of potential to create housing to support the arts and culture community. Recent improvements: New roof, siding and windows have already been installed reducing some immediate renovation needs. The property is largely in need of interior rehab, which gives the new owner to add their creative touch. Be a part of the McDougall-Hunt community that's quickly becoming a new destination for young professionals and creatives.
Charming two-story brick multifamily home near Detroit's desirable Boston-Edison and Atkinson Historic Districts, just minutes from Downtown Detroit! This property features two updated 3-bedroom, 1-bath units, each with a blend of historic character and modern updates. The upper unit is currently leased, providing immediate rental income, while the lower unit is vacant and move-in ready, perfect for an owner-occupant or additional rental income. Enjoy the balance of classic Detroit architecture and modern living. This is an ideal investment opportunity with both convenience and style in one!
Welcome to this newly renovated investment gem in Detroit! Situated on the city's sought-after east side, this property offers exceptional versatility, with the option to function as either a duplex or a single-family home. Perfect for investors seeking flexibility, it provides an excellent opportunity to generate rental income or be transformed into a charming single-family residence. With its recent updates and prime location, this property is beaming with potential for both growth and profitability. Don't miss out on this versatile Detroit opportunity! Virtually staged photos. Appliances not included.
Great investment opportunity in Detroit's Nardin Park neighborhood! This brick multifamily home features two units, each with 3 bedrooms and 1 bath. Some updates have been made to the kitchen and bath, offering a solid foundation for further improvements. The bottom-floor tenant is currently in place and can either stay or vacate, depending on the new owner�s plans. Located in a desirable neighborhood, this property is perfect for investors or those looking for a property with rental potential. Don�t miss out on this chance to add value and build equity FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price. Videos available upon request
Courtesy: Wise Property Buyers
TJ Brisbois
Great investment opportunity in Detroit's Nardin Park neighborhood! This brick multifamily home features two units, each with 3 bedrooms and 1 bath. Some updates have been made to the kitchen and bath, offering a solid foundation for further improvements. The bottom-floor tenant is currently in place and can either stay or vacate, depending on the new owner's plans. Located in a desirable neighborhood, this property is perfect for investors or those looking for a property with rental potential. Don't miss out on this chance to add value and build equity FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price. Videos available upon request
Detroit is located in Michigan. Detroit, Michigan has a population of 645,658. Detroit is less family-centric than the surrounding county with 15.74% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Detroit, Michigan is $34,762. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Detroit is 35 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 33.5 inches per year, with 33 inches of snow per year.
