This multifamily property, in the Art Center neighborhood of Midtown, is a prime investment opportunity for the savvy house hacker or investor. The home features two spacious units, offering an incredible income potential, plus value add opportunity upgrading the massive attic to a third floor apartment. Those wanting to occupy one of the flats as their primary residence can cut their housing payment in half with the incoming rent. New lending guidelines require only 5% down! Each unit comes complete with a suite of modern appliances, including a refrigerator, range, dishwasher, microwave, washer, and dryer. The upper unit boasts four bedrooms and two baths, plus central air, providing comfortable and attractive living space. The lower unit has three bedrooms and one bath, plus a private basement, rec room with 1/2 bath. Shared yard and laundry room. Large two car garage. Situated in a strategic location, this property is just moments away from Wayne State University, two major medical system complexes, three freeways, and a short walk to bustling Woodward Avenue, city bus and Q-Line light rail. With its outstanding rental history, central location, and strong potential for appreciation, this investment opportunity is not to be missed for those looking to capitalize on Detroit's dynamic real estate market.
4,214 Sq Ft
5,662.8 Sq Ft Lot Size
investment
$2,797 Annual Tax
Built in 1920
MLS/Listing ID 20261014489
2 Units
Style - Duplex
Construction - Brick
Cooling - Central Air
Private Entrance
Lighting
Balcony
Brick Mortar
Entrance Foyer
Laundry Room
Parking - On Street
Parking - Garage
Porch
Patio
Basement
Heating - Natural Gas
Heating - Forced Air
High Speed Internet
Pets Allowed
TOTAL MONTHLY COST
$0
$0
$0