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$350,000
Est. payment /mo
4 Baths
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261002340
Year Built 1925
Annual Tax Amount $8,593
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 46X117
Source Realcomp
Property Description
Turnkey 4-unit multifamily property located in a quiet, well-kept neighborhood of Detroit. The building features recently renovated units and is move-in ready, making it an ideal hands-off investment. Three of the four units are currently occupied by long-term tenants, generating $3,200 per month in gross rental income, with the fourth unit vacant and ready to lease, offering immediate upside. The current tenant mix includes two Section 8 tenants and one market-rate cash tenant, providing both stability and flexibility. This property offers consistent cash flow, minimal deferred maintenance, and strong tenant retention in a desirable rental area. A solid opportunity for investors seeking a true turnkey asset with room to increase returns. Vacant unit is available for showings. All other units will be available with an accepted offer. For more information please contact Jermaine.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction South of Davison St East of Livernois Ave
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W14I005201S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Listed by RE/MAX City Centre
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal
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