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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$170,000

3 Baths

1,722 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 1,722 sqft

Subdivision Strathmoor Sub 2

MLS Listing ID 20261002902

Style Colonial,Craftsman

Full Baths 3

Year Built 1928

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type MultiFamily

Property Description

Great opportunity to own a 3-unit multifamily in Detroit's Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month and 2-bedroom is recently tenanted through Sec 8 for $1,201/month. Both have been fully renovated prior to be occupied. The rehabbed studio previously rented for $900/month, creating projected gross rents of approx. $3,300/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities.

Location

State MI

County Wayne

Area Area05042Det6Tiregrnfldlivernois

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard, Electric, Forced Air, Natural Gas

Cooling Ceiling Fans, Central Air, Wall Units

Fireplace No

Exterior

Exterior Feature ChimneyCaps, Lighting

Parking Features OnStreet, SharedDriveway, Unassigned

Fence Back Yard, Fenced

Pool None

View Y/N No

Roof Type Asphalt, Composition

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan, WarrantyDeed

Listing Terms Cash, Conventional, FHA, VaLoan, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

Pets Allowed No

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Listed by Brett Maciag of Sine & Monaghan LLC

Nearby Locations

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Erin Raetz

+1(586) 996-8410

12890 Sussex ST Detroit, MI 48227

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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