UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,885 sqft
Price per Sqft $47
Subdivision Fraser-Hart Sub
MLS Listing ID 20251052348
Style Duplex
Full Baths 2
Half Baths 2
Year Built 1961
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
Property Description
Outstanding investment property! Great for investment purposes or live in one side and rent the other to help pay your mortgage. Home has been a cash
machine for years! Rare single-level duplex on quiet street, super close to police and fire. 3 bedrooms/ 1 bath each side. Unit #1 virtually move-in ready. Unit #2 needs cosmetic rehab including some floor covering, paint, etc. Mostly hardwood floors in each unit. Home has been owned for approximately 9 years. Unit #1 tenant just moved out after 7+ years. Unit #2 tenant just moved after 9 years. Very stable occupancy! Separate utilities, owner pays water and lawn care. Rents were under market rates as tenants had been with home for many years.
Workers have been approached many times by people wishing to rent units as soon as they became vacant! Demand is readily present!
Rent increase to $1600.00-1700.00/month (for both units rented) very possible!
Location
State MI
County Wayne
Area Area05144Riverrouge
Interior
Heating ForcedAir, NaturalGas
Laundry ElectricDryerHookup, GasDryerHookup, InUnit
Exterior
Parking Features OnStreet
Pool None
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation CrawlSpace
Sewer PublicSewer, SeparateMeters
Water Other
New Construction No
Schools
High Schools Riverrouge
School District Riverrouge
Others
Senior Community false
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition AgentOwned, ShortSaleNo
GET MORE INFORMATION