REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Erin Raetz

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

$260,000

Est. payment - /mo

2 Baths

2,700 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $96

Subdivision Linwood Heights

MLS Listing ID 20261032538

Style UpperLowerApartment

Full Baths 2

Year Built 1924

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type MultiFamily

Property Description

Turnkey, fully renovated cash-flowing duplex generating $3,000/month ($36,000 annually) in gross rental income. Offered at $255,000, this investment achieves a 1.18% rent-to-price ratio and an attractive 14.1% gross yield. Nearly every aspect of the property has been updated, including a new roof, windows, luxury vinyl plank flooring, fresh interior and exterior paint, kitchens, bathrooms, plumbing, electrical, and mechanicals—making this a truly turnkey investment. Both units feature spacious layouts with 3 bedrooms and 1 bathroom, filled with natural light, high ceilings, and charming architectural character. Updated kitchens and modern tiled bathrooms provide stylish, move-in ready living. Exterior improvements include new front and rear decks, a newly built 2-car garage, and a fully fenced backyard. Current lease provides immediate cash flow and making this an ideal setup for investors or buyers looking to offset their mortgage. Separate gas and electric meters simplify tenant management. Located on a quiet, well-maintained street near downtown, major hospitals, schools, and amenities, with continued neighborhood reinvestment and strong rental demand supporting long-term value. All major updates have been completed, resulting in zero immediate CapEx needs and allowing an investor to step into day-one cash flow.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Ceiling Fans

Fireplace No

Laundry LaundryRoom

Exterior

Exterior Feature Balcony

Parking Features Garage, OnStreet, SharedDriveway

Fence Back Yard

Pool None

View Y/N No

Garage true

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Read Less Info

Listed by Christina Gennari of KW Domain

Nearby Locations

GET MORE INFORMATION

Erin Raetz

+1(586) 996-8410

3273 Cortland ST Detroit, MI 48206

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION