2398 Stair Street, Detroit, MI 48209
2398 Stair Street, Detroit, MI 48209
2398 Stair Street, Detroit, MI 48209
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$315,000
Est. payment /mo
3 Baths
3,484 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261064156

HOA Y/N true

Year Built 1922

Annual Tax Amount $5,223

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30X110

Source Realcomp

Property Description

Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow — don't miss this one!

Location

State MI

County Wayne

Zoning Multi-Family,Residential

Direction Take West Vernor Highway To Elsmere St, Then Head South And Turn Right Onto Stair St. The Home Will Be On Your Right

Interior

Heating Forced Air

Cooling Central Air, Window Unit(s)

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Aluminum Siding

Schools

School District Detroit

Others

Tax ID W18I010029S

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Golden Key Realty Group LLC

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker License ID: 6502389085

Broker License ID: 6502389085

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Name

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