Available
$41,300(ARV: $215,000)19% of ARV

Wayne County, Detroit, MI 48206

6 bd2 ba2,310 sfBuilt 1916

12 days ago

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

This deal$18/sqft
Market median$87/sqft
Difference−79% below

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

Bedrooms6
Bathrooms2
Square feet2,310
Lot size3,920 sf
Year built1916
ConditionFull Rehab
OccupancyVacant
ParkingDetached Garage

Systems & condition

HeatingOther
Air conditioningNone
FoundationFull basement
Foundation conditionGood

Self-reported by the seller. Not inspected.

Property information

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