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

$350,000

5 Baths

2,673 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 2,673 sqft

Subdivision Keans Sub Of Sw 1/4 Of Sw 1/4 Of Sec 10

MLS Listing ID 20261076943

Style Duplex

Full Baths 5

Year Built 1928

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type MultiFamily

Property Description

A compelling income-producing opportunity in Detroit's University District, offering extensive renovations, established rental income, and additional value-add potential. Currently occupied, the property features two beautifully renovated primary units, each with an open layout, refinished original hardwood floors, solid wood cabinetry, updated bathrooms including an ensuite bath, and dedicated in-unit laundry hookups. Major improvements include new electrical, plumbing, HVAC, water heaters, windows, and roof. The upper residence also extends to a bonus third-floor en-suite with luxurious bathroom. The lower level has been framed and drywalled with a completed bathroom and separate laundry area, providing an opportunity to further maximize the property. Ideally positioned near the University of Detroit Mercy, Marygrove, Livernois Avenue of Fashion, restaurants, shopping, and continued redevelopment along McNichols. An excellent opportunity to acquire a substantially renovated property with rental income already in place and additional upside. One unit is currently leased at $1,700/month through May 31, while the second is leased at $1,800/month on a month-to-month basis.

Location

State MI

County Wayne

Area Area05041Det68Grflddequindre

Rooms

Basement Partially Finished

Interior

Heating E N E R G Y S T A R Qualified Furnace Equipment, Forced Air, Natural Gas

Cooling Central Air, E N E R G Y S T A R Qualified A C Equipment

Fireplace No

Laundry LaundryRoom

Exterior

Parking Features Garage

Pool None

Utilities Available CableAvailable

View Y/N No

Roof Type Asphalt

Garage true

Building

Foundation Basement, BrickMortar

Sewer Sewer At Street

Water WateratStreet

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Virtual Tour https://iframe.videodelivery.net/101e029c9682f29ec837fdad3a2ad3ec

Read Less Info

Listed by Ashley Mann of @properties Christie's Int'l R.E. Birmingham

Nearby Locations

GET MORE INFORMATION

Erin Raetz

+1(586) 996-8410

17342 Warrington DR Detroit, MI 48221

Erin Raetz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION