2988 Virginia Park Street, Detroit, MI 48206 2361

$230,000
2
BA
2,042
SqFt

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List Price
$230,000
Status
ACTIVE
MLS#
61036703
Days on Market
1
Style
Colonial
Year Built
1916
Bathrooms
2
Acres
0.15
Living Area
2,042
Municipality
Detroit
Region
Detroit
Township
Detroit

Property Description

Rare 3-Bedroom Two-Family Flat - Renovated & Income Producing! Don't miss this beautifully renovated two-family flat offering an exceptional opportunity for investors or buyers looking to house hack in Detroit. Located near the historic Boston-Edison District, this spacious multifamily property features three bedrooms plus a bonus room in EACH unit, giving tenants significantly more space and flexibility than the typical two-family flat. Both units have been thoughtfully updated with modern kitchens, renovated bathrooms, new flooring, updated electrical, updated plumbing, and new vinyl siding, creating a fresh, move-in-ready property with many of the major improvements already completed. Even better, each unit is currently rented for $1,200 per month, generating $2,400 in gross monthly rental income / $28,800 annually. The property also offers a full basement with plenty of storage and a spacious lot. Centrally located with convenient access to major freeways and just minutes from Downtown Detroit, shopping, dining, entertainment, and some of the city's most recognizable neighborhoods. Whether you're looking to expand your rental portfolio, generate immediate income, or eventually occupy one unit while renting the other, this property offers multiple investment strategies. Renovated. Income producing. Three bedrooms in each unit. This is one you'll want to see--schedule your showing today!

Additional Information

Lot Dimensions
53 x 125 x 53 x 126
Heating
Forced Air
Basement
Yes
Basement Description
Block
Appliances
Gas Water Heater
Exterior Features
Balcony
Foundation
Basement
Water
Public Water at Street
School District
Detroit City School District

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy of EXP Realty Main, Office Phone: 888-501-7085

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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.