A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
This is a great investment opportunity! 3 bedroom one bedroom is pretty big. home in a nice location....A little tlc and it will be a great home! Will not last long. good location and big garage.
Check out this 4-bedroom bungalow. This property is ready to be brought back to life. The property has Detroit Land Bank interest. Bring all offers to the table.
INVESTOR SPECIAL, AS IS, TENANT OCCUPIED. ADD THIS RANCH STYLE HOME TO YOUR INVENOTRY. EASY RENT LOCATION WITH A LONG TERM TENANT ALREADY IN PLACE. HOME IN NEED OF ROOF REPAIR. CASH OR CONVENTIONAL. COME MAKE IT YOURS TODAY! BATVAI
Awesome opportunity on Detroit's east side. Great bones in this colonial, ready for cleanup and for new owner to provide some TLC. Great opportunity for an income property or to make your own home. Wood floors throughout and a spacious layout consisting of 6 bedrooms and 2 full bathrooms. Additional photos available upon request. Easy show. Schedule thru ShowingTime. Property sold as is. Seller terms of purchase is CASH only, please do Not ask. Allow 24-48 hrs for response. BATVAI **Licensed agent MUST be physically present at all showings & inspections, no modifications to this policy are acceptable** Property to be SOLD AS IS. Owner will not make any repairs to home.
Large 2 bedroom colonial in Schoolcraft Southfield. Great tenant paying $900/mo - Tenant willing to stay or can move out to another home if buyer wants it vacant. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!
Colonial home in the Morningside neighborhood. Very spacious and needs TLC. Located close to shopping, restaurants, and expressway. HUD owned home. FHA case #261-838600. Insurability code (IE) Insured w/Escrow or Uninsured - Subject to appraisal. Properties built prior to 1978 may have LBP notices. Seller makes no representations or warranties as to the property condition. HUD Homes are sold AS-IS. Seller may contribute up to 3% for buyerââ¬â¢s closing costs, upon buyer's request. EHO
Great investment opportunity. Home is currently rented out for $850 a month. Seller has 2 other properties that are currently rented out and would prefer to sell as a package but will sell individually. Addresses are 16642 Carlisle and 18681 Barlow both in Detroit. All information deemed reliable but not guaranteed. Room sizes are estimated. Buyers or Buyer's agent to verify all info. Do not disturb or approach tenants or walk property. Showing will take place once you have accepted offer.
Three bedroom bungalow with a detached garage. This opportunity is rare with great potential. Home is OCCUPIED. DO NOT APPROACH THE OCCUPANT. Home being sold as is.
Renovated spacious bungalow just north of Indian Village. It has 3 bedrooms and 2 baths, open spaces between the dinning room and the kitchen. It is tenant occupied, please do not disturb. Monthly rent is $1,050.
Single Family Home with 2 Bedroom and 1 Bathroom, with front and backyard, Driveway of 2 parking spaces. It is vacant.
SPRAWLING CORNER LOT TENANT OCCUPIED HOME!! THIS HOME IS LOCATED TWO BLOCKS SOUTH OF SEVEN MILE, ON THE WEST SIDE OF EVERGREEN. THIS HOME IS CURRENTLY OCCUPIED . RENT IS $800 PER MONTH. **PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED WITH THE BUYER'S AGENT. BUYER TO PAY A $495 PROCESSING FEE AT CLOSING. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT. **TENANT OCCUPIED PROPERTY, DO NOT APPROACH THE HOME.**BUYER TO PAY LISTING OFFICE A $495 PROCESSING FEE AT CLOSING.
Gorgeous 3-bedroom 1.5 bath Colonial with hardwood floors, formal dining room, lots of built in's, basement and great fenced in back yard is waiting for you and your family. Located in Morningside this house has, tons of natural sunlight, formal dining room eat in kitchen with new flooring and washer and dryer hook ups in the basement. Close to shopping, places of worship, schools, grocery, pharmacy, restaurants and freeways. Located between I-94 and E. Outer Dr off Chandler Park. Close to Ascension St. John's and Chandler Park.
Attention all future homeowners or investors! If you are looking for a great place to call home or to provide a rent-ready home to a tenant, this 2 bedroom, 889 square foot 2 story 1/2 duplex was made for you! Home is move-in ready with flesh paint, new flooring though-out, new appliances. Home sits on a corner lot with a 2 car detached garage, a basement and a fenced back yard. Windows are being replaced by Wallside. Licensed agent to be present at all showings and inspections
This magnificent Victorian home, originally built in 1900, has been thoughtfully converted into a charming duplex, offering a unique opportunity for both investment or grand single-family living. Located in the heart of historic Brush Park, this property boasts timeless elegance and the potential to restore it to its original splendor. Updated plumbing (copper water supply / PVC drains), electrical, HVAC and insulation throughout. This Victorian duplex presents a unique opportunity to restore a historic gem to its former glory, creating a remarkable single-family home that will stand as a testament to your vision and style. Whether you're an investor looking to reimagine this property or a homeowner eager to craft your dream residence, this is a chance to create something truly exceptional in one of Detroit's most coveted neighborhoods. Don't miss the opportunity to transform this captivating Victorian duplex into the stunning single-family home it has the potential to be. Schedule a private tour today to explore its endless possibilities. Property is located in an existing NEZ Rehab District!
Nice and affordable house with 3 bedroom, 1 bath, bungalow style with homely Kitchen, good space in dining room and detached storage space. It is tenant Occupied, with a monthly rent of: $1,350. Please do not disturb tenants
Buyers financing fell through*** Land contract available with the following terms; 20% down 8% interest 3 year term $1500/mth payment minimum. SELLER MOTIVED, BRING ALL OFFERS! CASH OFFERS ONLY. "AS-IS" Purchase Only Great investment opportunity and a chance to own a small piece of Detroit! Excellent income property opportunity with many updates already doneââ¬Â¦Lower unit offers two bedrooms and one bath. Upper unit has 1 bedroom/1 bath. Recent updates include new roof in 2021, new HVAC in upper unit, some new windows, new kitchen cabinets in upper unit, updated bathroom in upper. Lower level bathroom update in progress, materials included. This unit is under construction and is in need of the final touches. The roof is new and has a 40 year transferable warranty attached to the propertyAppliances negotiable. Owner lives upstairs.
Great opportunity for an Investor, brick 5 bedroom, one and a half baths -- Lots of space and potential! Easy showings , book to see this now!
Investors Special. Gorgeous Two-Family Flat is located in a very Desirable Bagley Neighborhood. McNichols and Livernois. there are so many amenities with new restaurants, shopping along both McNichols and Livernois. Close to Marygrove. This property will not last long bring all offer. Great Investment property. Accepting Detroit Down Payment Assistance of $25000. Also accepting MSHDA 10000 and several banks' programs. Very lucrative on your ROI. This is the property you want to add to your portfolio. Great for an owner that wants to live in this area and rent a unit out for extra income. PLEASE CALL TO MAKE APPOINTMENT. TENANT OCCUPIED. THIS HOME IS NOT A FORECLOSURE.
Arrive home to this freshly renovated 3-bedroom, 1-bath brick bungalow in the heart of Detroit's Cornerstone Village neighborhood. As you step inside, you'll find a bright and inviting living space, perfect for relaxation and entertaining. The modern kitchen is redesigned with quartz countertops and ample storage. This home features beautiful luxury vinyl plank floors throughout. Outside, you have a fenced backyard ready for your personal touch. This bungalow combines classic charm with modern amenities, making it a wonderful place to call home. Brand new furnace, water heater and central air to be installed prior to closing. New roof, full renovation in 2023.
In the heart of Midtown, this stunning four-floor townhouse in the heart of Midtown offers a private roof deck and unparalleled contemporary design in a solid stone building from Detroit's Gilded Age. The 1895 home features warm wood floors on first and second levels; 2.5 bathrooms; luxe recessed lighting and ceiling fans; unobtrusive AC units; large windows; and a chic, classic aesthetic. Its boldest design statements are the glazed-green brick fireplace on the open-plan main floor, a motif that repeats in the dark-green rectangular tile in the two luxurious modern full baths, each with contemporary fixtures and glass shower doors. The second level features two bedrooms, full bath, and concealed washer-dryer. Third-floor suite (also with full bath) leads to a private, open-air rooftop oasis with new decking and adjustable shade system. Off-street parking steps from Selden Standard, Mad Nice, Castalia, and many more Midtown favorites.
In the heart of Midtown, this stunning four-floor townhouse in the heart of Midtown offers a private roof deck and unparalleled contemporary design in a solid stone building from Detroit's Gilded Age. The 1895 home features warm wood floors on first and second levels; 2.5 bathrooms; luxe recessed lighting and ceiling fans; unobtrusive AC units; large windows; and a chic, classic aesthetic. Its boldest design statements are the glazed-green brick fireplace on the open-plan main floor, a motif that repeats in the dark-green rectangular tile in the two luxurious modern full baths, each with contemporary fixtures and glass shower doors. The second level features two bedrooms, full bath, and concealed washer-dryer. Third-floor suite (also with full bath) leads to a private, open-air rooftop oasis with new decking and adjustable shade system. Off-street parking steps from Selden Standard, Mad Nice, Castalia, and many more Midtown favorites.
Recently renovated 2 family flat with updated kitchens, bathrooms, electrical, plumbing and carpet! This is a great investment property. Both units are occupied with 12 month leases. Current Cap Rate: 14%. Net Operating Income: $17,298.00.
Recently renovated and completed updated with plumbing, electrical, kitchen and carpet. 2 bed/1bath ranch home with full basement. New hot water tank and furnace. This is a great investment property with a current Cap Rate of 11% with potential increase to 13% in June.
The median home value in Detroit, MI is $80,000. This is lower than the county median home value of $80,100. The national median home value is $219,700. The average price of homes sold in Detroit, MI is $80,000. Approximately 34.11% of Detroit homes are owned, compared to 36.73% rented, while 29.17% are vacant. Detroit real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Detroit real estate agent to arrange a tour today!
Detroit, Michigan has a population of 679,865. Detroit is less family-centric than the surrounding county with 15.03% of the households containing married families with children. The county average for households married with children is 25.33%.
The median household income in Detroit, Michigan is $27,838. The median household income for the surrounding county is $43,702 compared to the national median of $57,652. The median age of people living in Detroit is 34.7 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 33.3 inches per year, with 30.4 inches of snow per year.