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Franny Kanalos

frannyk@epique.me +1(586) 243-1533

$ 175,000

Est. payment | -/mo

2 Baths

2,462 SqFt

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$ 175,000

Est. payment | -/mo

Save Virtual Tour

2 Baths

2,462 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Contingent

Purchase Type For Sale

Square Footage 2,462 sqft

Price per Sqft $71

Subdivision Mi

MLS Listing ID 61009073

Style 2 Story

Full Baths 2

Year Built 1916

Annual Tax Amount $4,255

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 35X104

Property Sub-Type Multi-Family

Property Description

Investment opportunity featuring a well-maintained duplex in a desirable neighborhood with immediate income potential. The upper unit is tenant occupied through April 2027, generating $1,300 per month, while the vacant lower unit offers immediate occupancy for an owner-occupant or the opportunity to lease and maximize cash flow. Both units are approved for Section 8, expanding rental flexibility. Each spacious 3-bedroom, 1-bath unit offers a functional layout with a living room, dining room, and full kitchen. The lower unit includes two refrigerators, and both units enjoy private entrances along with shared access to the basement and attic, providing valuable storage space. A newer gas forced-air furnace, installed approximately 2024, offers added peace of mind. The property is being sold as-is and presents an excellent opportunity for investors looking to expand their portfolio or buyers interested in offsetting their mortgage with rental income. Located in a neighborhood known for its friendly atmosphere and convenient access to local amenities, this duplex offers flexibility, steady income, and long-term investment potential. With one unit already producing rental income and the other ready for immediate use, this property is well-positioned for both seasoned investors and owner-occupants alike.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Residential

Rooms

Basement Common, Poured

Interior

Interior Features Cable/Internet Avail., DSL Available

Heating Forced Air

Cooling Central A/C

Fireplace No

Exterior

Exterior Feature Brick

Amenities Available Laundry Facility

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

Virtual Tour https://www.zillow.com/view-imx/5d9689ec-6202-455e-b40c-0a9a2b1a96fa?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by EXP Realty The Perna Team

NEARBY SCHOOL & BUSINESS

+1(586) 243-1533

frannyk@epique.me

44633 N Gratiot Ave, Clinton Twp, MI, 48036, USA

4357 W Philadelphia Street Detroit, MI 48204 2448