Wayne County, Detroit, MI 48206
6 bd2 ba2,310 sfBuilt 1916
Gross spread$173,700
Description
DETROIT BRICK DUPLEX | TWO UNITS • VALUE-ADD OPPORTUNITY • $41,300 TWO UNITS. TWO INCOME STREAMS. ONE OPPORTUNITY TO BUILD EQUITY. Looking for a Detroit investment where the acquisition price leaves room to execute your own renovation strategy? Take a look at this brick duplex on Montgomery Street. Offered at just $41,300, this property gives investors an opportunity to acquire a two-unit asset at approximately $20,650 per unit, reposition it through renovation, and pursue either a long-term rental strategy or a renovated resale. This isn't a turnkey investment. It's a substantial value-add project for an investor who knows how to renovate, manage costs, and recognize potential in Detroit's existing multifamily housing stock. THE OPPORTUNITY AT A GLANCE Purchase Price: $41,300 BUY IT NOW: $43,100 Property Type: Two-Family / Duplex Unit Configuration: Two 3-Bedroom Units Total Bedrooms: 6 Estimated Living Area: 2,310 SF Construction: Brick Year Built: Approximately 1916 Working Renovated ARV: Approximately $215,000, subject to buyer verification Preliminary Renovation Allowance: Approximately $125,000, subject to contractor inspection Dispo Contact Evan with EZ REI Closings for property details, available photos, access information, and next steps. Serious investors encouraged to reach out. *Property is offered as-is. All property characteristics, unit configuration, square footage, condition, renovation costs, projected value, and investment assumptions should be independently verified by the buyer. No rental income or
$/sqft vs market
Median of 6 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
Interested in this property? Request information from our team.
This thread is with the VestorsHub team. Nobody on the supply side of this listing holds an account here.