Wayne County, Detroit, MI 48205

ONE UNIT PRODUCING INCOME. ONE UNIT READY FOR ITS NEXT TENANT. TWO DOORS WITH ROOM TO GROW. Landlords, rental portfolio builders, and buy-and-hold investors — this is the kind of opportunity worth a closer look. Why take on a major renovation when you can acquire a rehabilitated, brick, two-family property with an existing paying tenant and a vacant second unit? At $134,900, this Detroit duplex offers an appealing combination of existing rental income, recent property improvements, and the opportunity to increase monthly revenue by leasing the second unit. For investors focused on building cash-flowing portfolios, the strategy is simple: acquire, lease the vacant unit, and hold for long-term income. PROPERTY SNAPSHOT Purchase Price: $134,900 Property Type: Brick Duplex / Two-Family Total Units: 2 Unit Configuration: Two 2-bedroom, 1-bathroom units Total Living Area: Approximately 2,112 SF Year Built: 1926 Current Occupancy: Lower unit occupied; upper unit vacant Current Rental Income: $1,000/month Lease Information: Lower-unit lease reported through November 2026 Estimated Combined Rent Potential: $2,100–$2,200/month, subject to market verification Renovation Status: Previously rehabilitated That's a potential gross annual rent equal to approximately 18.7%–19.6% of the asking price. This is a gross rent-to-price comparison, not a net return or cap rate. Actual cash flow will depend on taxes, insurance, maintenance, utilities, vacancy, management, and financing. WHY LANDLORDS SHOULD PAY ATTENTION 1. Renovation work has already been addressed The property has been marketed as rehabilitated, with reported improvements including: Updated roofing Replacement windows Electrical improvements Renovated upper and lower living spaces Updated interior finishes For an investor looking to avoid a heavy construction project, this is a very different opportunity from a distressed duplex requiring a full renovation before it can generate income. 2. A practical, rentable unit configuration Each unit features two bedrooms and one full bathroom, providing a functional layout for long-term residential leasing. Two separate units mean two potential rental income streams under one property acquisition. 3. Existing tenant plus vacant-unit flexibility The occupied lower unit provides an established rental arrangement, while the vacant upper unit gives the next owner the opportunity to pursue a new lease and establish rent based on current market conditions. There's no need to coordinate vacancy across both units before beginning your investment plan. 4. Attractive price per door At the $134,900 purchase price: Approximately $67,450 per unit Approximately $63.87 per square foot Potential to reach $25,200–$26,400 in annual gross rental income if both units achieve the projected rents For investors comparing acquisition costs across Detroit multifamily properties, those are numbers worth running. THE BUY-AND-HOLD STRATEGY This property is particularly appealing to investors seeking an asset they can operate rather than completely rebuild. Step 1: Acquire the duplex and review the existing lower-unit lease. Step 2: Evaluate and lease the vacant upper unit at a market-supported rental rate. Step 3: Manage both units for recurring income, maintain appropriate reserves, and pursue long-term ownership. Whether you're adding another duplex to an established portfolio or expanding from single-family rentals into multifamily, this property offers a straightforward investment concept. THE BOTTOM LINE Two units. Brick construction. Recent rehabilitation. One existing tenant. One vacant unit with income potential. At $134,900, Greiner St deserves a spot on the shortlist for landlords who want a property with existing income and an opportunity to grow it. PURCHASE PRICE: $134,900 INTERESTED? CONNECT WITH EVAN. Contact Evan | EZ REI Closings for available property photos, lease details, occupancy information, walkthrough coordination, and next steps. Don't just add another property to your portfolio. Add another potential income stream. Investor due diligence: Property is offered as-is. Existing rent, lease terms, tenant payment status, property improvements, system condition, taxes, insurance, operating expenses, and projected market rents should be independently verified. Estimated rental income is not guaranteed. All investment projections are illustrative.