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Erin Raetz

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

$199,900

3 Baths

1,372 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 1,372 sqft

Subdivision Holden & Murrays Sub

MLS Listing ID 20261073227

Style Duplex

Full Baths 2

Half Baths 1

Year Built 1916

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type MultiFamily

Property Description

One unit leased. One unit ready for you! Space, character and location come together in Detroit's Petoskey-Otsego neighborhood! This spacious brick duplex offers an appealing option for an owner-occupant, house hacker or investor looking to own in an area experiencing continued investment and redevelopment. Each unit has its own entry and features 2 very spacious bedrooms, 1 full bath, a living room with a natural brick fireplace, formal dining area, office and private basement space. Much of the original woodwork has been maintained to showcase the craftsmanship and character of this classic Detroit home. The upper unit is currently leased at $1,200/month, providing immediate rental income, while the second is vacant and ready for occupancy, an ideal setup to live in one while generating income from the other. The location adds another attractive layer to the opportunity. Conveniently situated near New Center, Midtown and Downtown Detroit, the property puts some of the city's most recognizable destinations within easy reach, including Henry Ford Hospital, the Motown Museum and the iconic Fisher Building. This area continues to attract new investment, including the redevelopment of the historic Lee Plaza high-rise, adding to the momentum of this westside Detroit neighborhood. Whether you're looking for a place to call home while generating rental income or your next investment property, this duplex offers an appealing combination of location, flexibility and existing income. With one unit already producing revenue and the other ready for its next occupant, the opportunity is already in place. Bring your vision and make it yours! Schedule your showing today.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water WateratStreet

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

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Listed by Clayton Neal of KW Metro

Nearby Locations

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Erin Raetz

+1(586) 996-8410

4016 Hogarth ST Detroit, MI 48204

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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