Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow - don't miss this one!
Listed By
Agency Name: Golden Key Realty Group LLC
Agency Phone: 2484226962
Shown By
Agent Name: Harding Real Estate Team
Agent Phone: (734) 812-6900
Agency Title: Key Realty
Estimated Payment
$ 2,289.15 per month $1,762.02 Principal & Interest $435.25 Property Tax $91.88 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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2398 Stair Street | MLS# 20261064156
This multi-family property located at 2398 Stair Street , Detroit, Mi 48209 is currently listed for sale with an asking price of $315,000. Stair Street is located within the Detroit school district. Search Detroit real estate on www.hardingrealestateteam.com today.