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$199,900
Est. payment /mo
3 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 20261073227
HOA Y/N true
Year Built 1916
Annual Tax Amount $1,996
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X106.05
Source Realcomp
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
Zoning Residential
Direction Grand River to Grand Blvd.
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W14I002480S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Listed by KW Metro
Nearby Locations
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