$75,000
Est. payment /mo
2 Baths
1,870 SqFt
Active
8264 Cloverlawn Street Detroit, MI 48204 3228
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,870 sqft
Price per Sqft $40
Subdivision Mi
MLS Listing ID 61018127
Full Baths 2
Year Built 1929
Annual Tax Amount $818
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 35X103
Property Sub-Type Multi-Family
Property Description
Multi-Family Investment Opportunity Located just outside the desirable Aviation Subdivision on Detroit's west side, presents a strong value-add opportunity for investors seeking cash flow and long-term appreciation. This solid brick, two-unit multifamily property features two spacious two-bedroom apartments, each offering: Two, two-bedroom apartments equipped with: * Expansive living room with fireplace * Formal dining room * Functional kitchen layout * Full bathrooms *Two generously sized bedrooms The property retains classic architectural character and offers substantial upside potential. While it does require cosmetic updates, the structure itself is solid--making it an ideal light-rehab project for investors looking to build equity quickly. Additional features include a massive basement with two large, separate storage areas--one designated for each unit--providing added convenience for tenants and increased rental appeal. With current two-bedroom payment standards through Michigan State Housing Development Authority (MSHDA), is $1313 per two bedroom, this property has projected income of $2626 per month and $31, 512 per year. Presents a compelling opportunity for Section 8 or other housing assistance rental strategies. Whether you're expanding your portfolio or entering the multifamily market, this is a prime opportunity in a stable west-side Detroit location. THIS DEAL WILL GO FAST! ACT NOW!
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water at Street
Structure Type Brick
Schools
School District Detroit City School District
Others
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Prestige Realty Services LLC
Nearby Locations
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