Available
$70,000(ARV: $110,000)64% of ARV

Wayne County, Detroit, MI 48205

4 bd2 ba1,800 sfBuilt 1929

1 day ago

Gross spread$40,000

Description

PROPERTY HIGHLIGHTS: Two-unit property 4 bedrooms 2 bathrooms total Downstairs unit currently renting for $800/month Upstairs unit currently renting for $900/month Combined current rental income: $1,700/month, or $20,400 annually, when both units are occupied and paying Half of the roof has been repaired New gutters installed New kitchen and countertops Used furnaces installed

$/sqft vs market

This deal$39/sqft
Market median$94/sqft
Difference−58% below

Median of 23 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms4
Bathrooms2
Square feet1,800
Lot size4,792 sf
Year built1929
ConditionMajor Repair
OccupancyTenant Occupied
ParkingAssigned

Systems & condition

Roof age4-10 yrs
HeatingFurnace · 0-5 yrs
Air conditioningCentral AC
FoundationOther
Foundation conditionGood

Self-reported by the seller. Not inspected.

Property information

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