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Alec Applebaum

aleca@hellosmarte.com +1(248) 866-8784

$199,000

Est. payment - /mo

6 Beds

4 Baths

1,848 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,848 sqft

Price per Sqft $107

MLS Listing ID 20261009550

Bedrooms 6

Full Baths 3

Half Baths 1

Year Built 1924

Annual Tax Amount $3,266

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 30X100

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

Excellent investment opportunity in the heart of Detroit. This well-maintained 3-unit multifamily property is a strong cash-producing asset with immediate income in place.Two of the three units are currently rented, generating a combined $2,250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1,000 per month. All units have been well cared for, and the property has a solid rental history.Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance.Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity.Do not miss this income-generating multifamily property.

Location

State MI

County Wayne

Direction Follow I-75 S and I-94 W to Lonyo St in Detroit. Take exit 211A from I-94 W;Take exit 211A for Lonyo Ave; Take McGraw Ave to Lumley St; Turn right onto Lonyo St; Turn right onto McGraw Ave; Turn left onto Lumley St;

Interior

Interior Features Basement Finished

Heating Forced Air

Exterior

View Y/N No

Garage No

Building

Story 3

Sewer Public

Water Public

Structure Type Vinyl Siding

Schools

School District Detroit

Others

Tax ID W20I008643S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by R2M Realty

Nearby School & Business

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Alec Applebaum

+1(248) 866-8784

Broker License ID: 6502389085

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5827 Lumley Street Detroit, MI 48210

Alec Applebaum

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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