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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 249,900

Est. payment | -/mo

2 Baths

3,920 Sqft Lot

Save

$ 249,900

Est. payment | -/mo

Save

2 Baths

3,920 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261050840

Year Built 1907

Annual Tax Amount $5,211

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 33x115

Source Realcomp

Property Description

High-yield Detroit duplex with stable income and value-add upside.Prime investment structure: two-unit duplex (multi-family zoning) with 3-bedroom units—ideal for long-term rental demand and simple portfolio scaling. Fully occupied with tenant possession and existing leases in place, delivering immediate cash flow from day one; rent reportedly includes sewer and water. Favorable operating footprint: 33 x 115 lot, paved road frontage, on-street parking and public utilities (water/sewer/cable available), simplifying management and lowering capital surprises. Solid building fundamentals: built 1907 with poured full basement (approx. 1,045 sq ft) and updated systems possible to prioritize for value-add; duplex layout and two-story configuration support unit-level renovations and rent bumps. Complete renovation 2024 inside and out. Updated plumbing, electrical with new service pannels, HVAC with new furnances, all seperate utilities except one water meter that the tenants split the bill. New windows, roof & exterior siding, new decking and patios. Financial edge for buyers: lower listing price (seller motivated to move to larger multifamily) creates opportunity for immediate equity and accelerated returns through modest rent increases, expense optimization, or unit upgrades. Compare to comparables in the $300,000+ range. Quick due-diligence wins: clear public records (property ID W1910048775S) and mapped location in Detroit (zip 48206) enable fast underwriting and neighborhood comparables. Financing and exit: Detroit investor-friendly loan products exist for small multifamily; current 30-year fixed quotes near 7% for approved credit may apply—shop multiple lenders for best leverage to boost cash-on-cash returns.

Location

State MI

County Wayne

Zoning Multi-Family

Direction North off E Jefferson 2 blocks & 3 blocks east of McClellan Ave.

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Lot Description Sidewalk

Water Public

Structure Type Vinyl Siding

Schools

School District Detroit

Others

Tax ID W19I004875s

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Fresh Start Homes

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

1583 Hurlbut Street Detroit, MI 48214

Scott Hutchison

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1583 Hurlbut Street