Detroit, MI 48213,5183 PENNSYLVANIA Street
$360,000
$349,900
2.9%
Est.Price: ?

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4 BD
4 BA
3,534 SqFt

5183 PENNSYLVANIA Street Detroit, MI 48213

Est. payment /mo
SOLD DATE : 06/27/2025

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Key Details

Sold Price $360,000

Property Type Multi-Family

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 3,534 sqft

Price per Sqft $101

Subdivision Albert Hesselbacher & Joseph S Visgers (Plats)

MLS Listing ID 20251006720

Style Colonial

Bedrooms 4

Full Baths 4

Year Built 1925

Annual Tax Amount $61

Lot Size 4,356 Sqft

Property Sub-Type Colonial

Property Description

Discover this beautifully updated four-family flat that blends classic Detroit characters with modern upgrades. Each unit has been thoughtfully renovated, featuring sleek contemporary kitchens, stainless steel appliances, updated bathrooms, and sun-drenched living spaces that feel like home.

Appraised well over asking at $420,000
Monthly Gross Rent: $3,975
($1,025 + $950 + $950 + $1,050)
Water: $1,100/year
Taxes: Under $1,000/year
Maintenance: Estimated $1,000/year
Current Net Operating Income (NOI): ~$44,900
Current CAP Rate: ~10.7%

Each unit is separately metered, tenants pay their own gas and electric, and there's off-street parking, a shared backyard, and strong curb appeal that's rare to find at this level of finish.

Upside Potential? Rents are solid now but under the market for updated 2-bed units in the area. With strategic rent increases over time or short-term rental opportunities, your cash flow could go from good to great.

Whether you're an investor looking to grow your portfolio or a savvy buyer ready to live in one unit and let the others pay the mortgage — this one checks every box.

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Multi-Family

Interior

Heating Forced Air

Exterior

Garage Spaces 2.0

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Realcomp MLS
Listed by Elijah Cook of KW Metro
Bought with Empire Realty Group

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agent

Matthew Stransky

Team Owner | License ID: 327649

+1(248) 765-8788

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