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+15868545396
Community Choice Realty
2398 Stair Street, Detroit, MI 48209 1257
- $315,000
- 8
- BD
- 4
- BA
- 3,024
- SqFt
- List Price
- $315,000
- Status
- ACTIVE
- MLS#
- 61031054
- Days on Market
- 32
- Style
- Colonial
- Year Built
- 1922
- Bedrooms
- 8
- Bathrooms
- 3
- Half baths
- 1
- Acres
- 0.08
- Living Area
- 3,024
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Burns Sub Of Pt Lt 7 Sub Pc 60 S Of Dix Road
Property Description
Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow -- don't miss this one!
Additional Information
- Lot Dimensions
- 30 x 110
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air, Window Unit(s)
- Basement
- Yes
- Basement Description
- Finished
- Appliances
- Microwave, Range/Oven, Refrigerator, Gas Water Heater
- Exterior Features
- Balcony
- Foundation
- Basement
- Water
- Public
- School District
- Detroit City School District
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Listing Courtesy of Golden Key Realty Group LLC, Office Phone: 248-422-6962
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.