Great opportunity to own a 3-unit multifamily in Detroit’s Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month and 2-bedroom is recently tenanted through Sec 8 for $1,201/month. Both have been fully renovated prior to be occupied. The rehabbed studio previously rented for $900/month, creating projected gross rents of approx. $3,300/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities.
178 days
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128
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14
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Zillow last checked:
Listing updated:
Listed by:
Brett Maciag313-884-7000,
Sine & Monaghan LLC313-884-7000
Source: Realcomp II,MLS#: 20261002902
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3
Heating
Baseboard, Electric, Forced Air, Natural Gas
Cooling
Ceiling Fans, Central Air, Wall Units
Features
Basement: Full,Unfinished
Has fireplace: No
Interior area
Total interior livable area: 1,722 sqft
Finished area above ground: 1,722
Property
Parking
Parking features: On Street, Shared Driveway, Unassigned
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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