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$ 141,500
Est. payment /mo
New
Detroit, MI 48234
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261083246
HOA Y/N true
Year Built 1925
Annual Tax Amount $1,055
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30X133
Source Realcomp
Property Description
Look no further than this 2 unit, established rental income Duplex, and an opportunity to expand your investment portfolio. Offered at $141,500, this fully occupied Detroit duplex currently generates $1,800 in combined monthly rent—$21,600 annually—with an approximate 15.3% gross rental yield before expenses. Each unit features two bedrooms, one full bathroom, a kitchen, living room, and dining room, offering functional layouts across approximately 1,500 square feet. Renovated in 2017, the property includes a covered front porch, enclosed backyard, and an unfinished basement with laundry space. Convenient access to parks, shopping, and major freeways adds to its rental appeal. Tenant occupied; showings require at least 48 hours' advance notice. Buyer and buyer's agent to verify all property information, rental income, and expenses.
Location
State MI
County Wayne
Zoning Multi-Family
Direction Ryan Road south, past 7 mile road, East on E. Robinwood Street, South on Binder.
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Aluminum Siding
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by EXP Realty Main