This charming multi-family home located at 449 W Evelyn Ave, Hazel Park, MI, built in 1925, is full of character and potential, now offering an immediate, solid return on investment. Investor Highlights: Fully Occupied & Income-Producing: Both units are currently rented, generating a total gross monthly income of $2,000 ($24,000 annually). Approximate Investment Yield: Based on a list price of $190,000 (MLS# 20251057915), the gross annual rental income represents an approximate 12.6% Gross Cap Rate ($24,000 / $190,000). This calculation does not include operating expenses (taxes, insurance, utilities, maintenance, etc.) and is provided for preliminary financial comparison. The property features 2 bathrooms and a total finished area of 1,134 sq.ft. The home spans 2 stories and sits on a lot size of 3,049.2 sq.ft., providing plenty of outdoor space for relaxing and entertaining. With its vintage charm and spacious layout, this property offers a unique and compelling opportunity for seasoned investors or those looking to begin their real estate portfolio. The home's central location in Hazel Park provides easy access to local amenities, popular restaurants, and neighborhood parks. Don't miss out on this historic, income-generating gem ââ?¬â?? schedule a showing today to see all that this property has to offer!
Rare opportunity for a duplex in Hazel Park at an affordable price! Both units are 2-bed, 1-bath. There is a large two car garage and full basement too. This is a great setup for someone who wants to live in one unit and rent out the other. Immediate occupancy. Fully vacant. Schedule your showing today!
ONE BUILDING WITH 3 RESIDENTIAL MULTI-FAMILY APARTMENTS AND 2 COMMERCIAL SPACES-ALL PROPERTIES LEASED - in vibrant, downtown Hazel Park, located adjacent to renowned restaurant Mabel Gray. RESIDENTIAL: 3 BEDROOM: Impeccably renovated second-floor 1,567 Sq ft flat boasting three large bedrooms. Open-concept layout, with a large living room, dining room and entry. Stunning floors to the quartz countertops, shaker cabinetry, and stainless-steel appliances. Enclosed porch. Laundry room with a washer and dryer. Currently leased for $1,890/month. 1 BEDROOM: Impeccably renovated 532 Sq ft, second-floor flat. Abundant natural light illuminates the open-concept layout, with a living room, kitchen-dining combo, one bedroom and bath. Nicely renovated with quartz countertops, shaker cabinetry, and stainless-steel appliances. Currently leased for $1,000/month. STUDIO: Completely renovated 336 Sq ft studio features new hardwood floors that stretch throughout the living areas as well as bright light throughout. Kitchen/dining, flex room, and bath. The open floor plan and kitchen and living area have white shaker cabinets and soft close drawers, white granite countertops, sub-tile backsplash and quality stainless steel appliances. Currently leased for $850/month. COMMERCIAL SPACES: Prime first-floor commercial spaces. The 1,698 Sq. Ft space offers two large, versatile areas perfect for retail, office, or creative use. The spacious main room measures 38x19, providing ample space for customer engagement or open workspace. A generous rear space, 36x18, offers additional functionality for storage, private offices, or production. Currently leased for $3,180/month. The second prime 847 sq. ft commercial space offers one large, versatile area perfect for retail, office, or creative use. The spacious main room measures 38x19, providing ample space for customer engagement or open workspace. Currently leased for $1,696/month. Showings by appointment only.
Hazel Park is located in Michigan. Hazel Park, Michigan has a population of 15,213. Hazel Park is less family-centric than the surrounding county with 20.19% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Hazel Park, Michigan is $50,871. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Hazel Park is 37.1 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 33.3 inches per year, with 30.5 inches of snow per year.
