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$ 600,000
Est. payment | /mo
8 Baths
0.28 Acres Lot
$ 600,000
Est. payment | /mo
8 Baths
0.28 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261025626
Year Built 1927
Annual Tax Amount $18,932
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 122x100
Source Realcomp
Property Description
Turnkey 8-unit investment opportunity in Detroit's desirable Davison–Schoolcraft neighborhood! The current seller has owned and managed the property for the past 20 years. This well-maintained multifamily property is 100% occupied, with all units updated and leased. Each of the eight units offers 2 bedrooms and 1 full bathroom, currently generating $1,000 per month per unit for strong and consistent cash flow from day one. Each unit has its own individual address, furnace, and utility service. Tenants pay their own gas and electric, while the landlord pays water.Recent improvements include a roof approximately 8 years old and hot water tanks that are approximately 1–2 years old. Furnaces are approximately 18 years old, with 3–4 having been replaced within recent years.Ideally located just off I-96 for convenient access throughout Metro Detroit and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals. This location offers strong tenant demand and long-term investment potential.Whether you're expanding your portfolio or purchasing your first multifamily asset, this fully occupied, income-producing property offers an excellent opportunity with minimal upfront work needed. Square footage source is Realist. Buyer and buyer's agent to verify all information. Some MLS information is based on another address, as no PRD was available for the subject property address.
Location
State MI
County Wayne
Zoning Commercial
Direction Schoolcraft and Ohio Street
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I033668S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://unbranded.visithome.ai/aRmx9syoDzpCcEyJU3Wqu5?mu=ft&t=1775834498
Listed by Keller Williams Somerset
Nearby Locations
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