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$ 215,000
Est. payment | /mo
3 Baths
4,791 Sqft Lot
$ 215,000
Est. payment | /mo
3 Baths
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251041198
Year Built 1924
Annual Tax Amount $2,289
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 122.00
Source Realcomp
Property Description
Discover an unparalleled investment opportunity in the heart of Detroit's historic Dexter-Linwood neighborhood. This fully renovated duplex is the definition of a turnkey "cash cow," meticulously updated from top to bottom to ensure strong, long-term returns for the savvy investor.Forget the hassle of finding tenants—this property comes with two separate, occupied units, each currently generating $1,350 per month. That's a total of $2,700 in guaranteed monthly income from day one. This robust cash flow provides an immediate and substantial return on investment, far exceeding what's possible in many other markets.Beyond the immediate cash flow, this property offers incredible potential for long-term appreciation. The Dexter-Linwood neighborhood is experiencing a significant revitalization, with rising property values and growing demand. By acquiring this stabilized asset now, you are positioning yourself to capitalize on the area's ongoing growth and secure your financial future to create generational wealth! This is more than just a property; it's a strategic investment in a thriving Detroit community. Don't miss your chance to own a high-performing asset that delivers both immediate cash flow and long term appreciation!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Take Dexter To Webb Head East On Webb
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I003452S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Keller Williams Somerset
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Mike Himes
Associate Broker | Lic# 501408694