This is your opportunity to invest in one of Detroit's hottest areas! Located between New Center Area and Boston Edison, this 3 unit has 2 bedrooms in the attic and 2, 3 bedrooms. Great investment opportunity or primary residence within walking distance to transit, and minutes away from Wayne State, entertainment, awesome retail and downtown! Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Estimated rehab 223$k. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The tax capture might be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Here's your opportunity to own this great 2 family unit located close to the Boston/Edison District, Downtown and Universities. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Property needs a full rehab top to bottom, but don't let that scare you away!! This 5 unit is looking for the right investor and will certainly turn a profit on this corner lot with great potential. Sale contingent on buyer/seller executed development agreement. All offers must be supported by proof of funds for both purchase price and construction costs. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Great potential in this duplex on the city's east side, including full basement and 2 car garage. Each unit has a living room and dining area. Price reflects repairs needed.
Two-family flat with 2 bedrooms in one unit and 1 bedroom in the upper unit. One bedroom unit currently vacant. Great potential for rental income or personalization. Schedule a tour today!
Welcome to 625 Horton Street! With its comprehensive top-to-bottom renovation boasting newly upgraded soffits, windows, electrical, plumbing, and paint this property ensures a modern and worry-free living experience. The 2 units, each approx 1073 sqft, feature identical layouts with well-designed kitchens equipped with stainless steel appls, ample cabinet storage, generous counter space, stylish tile backsplash, and luxurious marble-tiled floors. The spacious living rms are illuminated w/recessed lighting, creating a welcoming atmosphere. Add'l storage space in both the bsmt & attic. Whether you're an investor seeking a turnkey property or a buyer looking to reside in one unit while renting out the other, this move-in-ready multi family home offers both comfort & financial potential.
Great opportunity to bring this Grandmont-Rosedale duplex back to life! The lower unit has 3 bedrooms with 1 full bath. The upper unit has 2 full bedrooms with 1 full bath. Each unit has its own kitchen, fireplace, both living room and formal dining room with charming ceilings and moldings. This is an incredible investment property located in an up and coming neighborhood, surrounded by redevelopment and close to major freeways.
Welcome to this charming 2- family flat nestled in a sought-after neighborhood, awaiting your creative touch to unlock its full potential. This property presents a rare opportunity for savvy investors and DIY enthusiasts alike to transform it into a lucrative investment or a stunning home. Updates include new roof on the home and garage, new boiler and also the 2 LOTS ON BOTH SIDES OF THE PROPERTY 4522 and 4536. BATVAI Please give 24hr notice for showings.. Buyers agent is required to be physically present for all showings unless prior written consent is given by agent or seller. Buyer's agent to verify all information. Information deemed reliable but not guaranteed
Unique opportunity to make this house a home! Set up like a two -family, this home with 5 bedrooms, 3 full baths will accommodate the largest of families. Rehabbed from the studs and reconfigured, perfect for a large multi-generational family. Home has some charming features like high ceilings, two fireplaces and a bay window with a window seat.
Courtesy: Good Company
Jay Taylor
This stunning duplex in Green Acres is perfect for house hackers and investors alike. With the upper unit currently leased at $1,350/mo, and the lower unit vacant, you could fill the lower unit for double the income, or live in one and continue to rent out the other. Each unit has three beds, one bath, gorgeous wood floors, spacious rooms, private decks or balconies and access to the large fenced in yard. Laundry is on-site in the basement. Lower unit is available for immediate showings and private tours will be approved of the upper unit with an accepted offer.
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.
Beautiful two unit flat partially remodeled. Two Beds up. 3 beds down. You complete the finishing touches. Estimated ARV $250k-$275k. Grab this property for a residence, a fast flip or a buy and hold. HOME WARRANTY INCLUDED. NO LAND CONTRACT. NO CONTINGENCIES. WE HAVE AN INSPECTION REPORT.
Courtesy: Re/Max Connection
Philip Lang
248-320-0315
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19,872. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (16.7 Cap)
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19,872. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (16.7 Cap)
65 Unit apartment. Needs full rehab. Parking in rear. Income and expenses are estimated. 20 Studios @ $800= $16,000 45 1 bedrooms @ $900 = $40,500. Total monthly income $56,500. Mgmt Fee 6%= $40,680, Taxes $15,700, Ins $20,000, untilities $5,000.
The Commodore is a remarkable historic building positioned in the heart of the prestigious Willis-Selden Historic District, Midtown. With its distinct architecture and exquisite features, this iconic structure presents numerous possibilities for development, such as transforming it into first-class condominiums or luxurious high-end apartments. Step inside to discover the grandeur of high ceilings and original wood flooring that exude a sense of timeless elegance. Secure a coveted piece of history and indulge in the boundless prospects offered by The Commodore. Private parking is rare in Midtown and surrounding areas, but not for The Commodore! The sale includes a private 8,000 SF Parking Lot with 20 spaces. Survey and Floor plans are available. Please do not approach building or tenants.
LARGE 2 FAMILY 3/3 UPPER WALK OUT PORCH 2 CAR GARAGE HARDWOOD FLOORS FIREPLACE IN EACH UNIT SEPERATE ENTRANCES SEPERATE UTILITIES LARGE FRONT COVERED PORCH ORIGINAL LEAD WINDOWS LOTS OF CHARACTER PLENTY OF EQUITY TO COMPLETE WORK NEEDED
Welcome to 3860 GAYLORD Street, a beautifully renovated residence located in the vibrant city of Detroit, Michigan. This charming single-family home offers a perfect blend of modern comforts and historic character, making it an ideal place to call home. Key Features: Location: Nestled in the heart of Detroit, this property is situated on GAYLORD Street, offering easy access to the city's rich cultural amenities, dining options, and entertainment venues. Exterior: The exterior of the home exudes curb appeal, featuring a well-maintained fa�§ade with updated siding, a welcoming front porch, and a manicured front yard. Interior: Step inside to discover a thoughtfully designed interior boasting an abundance of natural light and stylish finishes throughout. The open floor plan creates a seamless flow between the living spaces, perfect for modern living. This residence offers 4 bedrooms spacious bedrooms, each providing a peaceful retreat and ample space for rest and relaxation. Two Full Bathrooms: Living Spaces: Enjoy cozy gatherings in the living room, complete with hardwood floors and perfect for chilly evenings. A separate dining area provides an ideal space for entertaining guests or enjoying with family. Updates: The property has been extensively renovated with modern amenities while preserving its historic charm, ensuring a move-in-ready experience for the new homeowner. Convenience: With convenient access to major highways and public transportation, commuting to Downtown Detroit or other parts of the city is quick and easy. Don't miss the opportunity to make this stunning residence your own. Whether you're a first-time homebuyer, a growing family, or someone seeking a charming urban retreat, 3860 GAYLORD Street offers the perfect blend of comfort, convenience, and style. Schedule a showing today and experience the allure of city living in Detroit.
Nice Multifamily across from Historic Russel Woods Sub. Located near major expressways and the Livernois shopping district youre just minutes from the famous avenue of fashion and historic bakers Keyboard lounge. This multi family has 3 bedrooms in each unit and the floor plans are very spacious, Owner occupant can live payment free or rent these out for $1800-$2000 monthly. Rents are rising so future rents could go higher. Recent updates include some windows, roof repair, complete electrical upstairs and new plumbing throughout. Your portfolio will love this addition.
Formal living room with natural fireplace, formal dining room, kitchen with eating area and full bath is included in both upper and lower levels of this brick multi family home. This home has a fenced in yard with 2 car detached garage. Please call for more information.
(((oh))) W(@)W - - LOOK ! Finally I can discover the future of smart investing witha great TURNKEY investor special in the BOOMING city of Detroit: Certified, Rented and VERY Profitable! If you are looking for a hassle-free and lucrative investment opportunity in one of the world's top property markets, this is the deal for you. This property features: A SECTION 8 Tenant - paying $2,200 per month, giving you a secure and steady income stream. 2 Units - both 2 bedrooms with 1 Bathroom A Fully CERTIFIED and UPDATED property - meeting all the city and section 8 standards, saving you time and money on repairs and inspections. A prime location in Detroit, a city that is experiencing a remarkable economic and cultural revival, attracting businesses, tourists and many new residents. With this property you won't have to do anything but collect the rent checks. Property Management by RPI Management & Neighborhood Legal Services of Michigan NO SHOWINGS WITHOUT AN ACCEPTED OFFER. DO NOT DISTURB TENANTS. CONTACT US TODAY TO MAKE THIS PROPERTY YOURS! SELLER HAS 17 SECTION 8 PROPERTIES FOR SALE IF YOU WOULD LIKE TO BUY A PACKAGE. Buyer to pay $495 Compliance Fee to Community Choice Reality. [[ All Section 8 Properties available: 12110 BRAILE, 9129 FORRER, 12930 CANFIELD, 472 WYOMING, 19260 REVERE, 8265 ASHTON, 19751 FENELON, 18671 SHIELDS, 19347 CONLEY, 8666 BURT, 15776 ARDMORE, 12935 PAYTON, 19497 FREELAND, 14070 ROSELAWN, 12035 MENDOTA, 11256 COURVILLE, 19005 GALLAGHER ]]
Multifamily 2 units Duplex, with 4 Bedroom and 2 Bathrooms, is a House with Exterior walls made of Brick and a roof made of Gable. It has an amazing space on Front and backyard, It is one unit vacant and second unit occupied.
Value-Add Opportunity for this 4 unit multi-family! Each unit is 2 bed 1 bath. Majority of the work has been done... Newer roof and newer windows, property just needs TLC on the interior to be brought back to life. This is an excellent opportunity to turn this multi-family into a cash flowing machine, with a projected $950/mo in rent (or more) per unit, grossing $45,600 annually (or more). On the other hand, occupy one of the units while the other 3 units are paying your rent! BATVAI. Agents, please read agent remarks.
Detroit is located in Michigan. Detroit, Michigan has a population of 679,865. Detroit is less family-centric than the surrounding county with 15.03% of the households containing married families with children. The county average for households married with children is 25.33%.
The median household income in Detroit, Michigan is $27,838. The median household income for the surrounding county is $43,702 compared to the national median of $57,652. The median age of people living in Detroit is 34.7 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 33.3 inches per year, with 30.4 inches of snow per year.
