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Community Choice Realty
14622 Faircrest Street, Detroit, MI 48205 2904
- $67,500
- 2
- BA
- 1,540
- SqFt
- List Price
- $67,500
- Status
- ACTIVE
- MLS#
- 60994863
- Days on Market
- 151
- Year Built
- 1927
- Price Change
- ▼ $2,499 1790759012
- Bathrooms
- 2
- Acres
- 0.08
- Living Area
- 1,540
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Elite Gardens
Property Description
Incredible Turn-Key Investment Opportunity or House-Hacking Potential! Welcome to this income-generating multifamily property perfectly located just minutes from Downtown Detroit. This well-maintained duplex features two distinct units, providing immediate cash flow. The spacious lower unit offers 2 bedrooms and 1 bathroom, currently renting for $800/mo. The charming upper unit features 1 bedroom and 1 bathroom, currently renting for $750/mo. Both units have substantial value-add potential, with fair market rents in the immediate area averaging $1,000-$1,200 per unit!Major capital improvements have already been done for you, including two brand-new furnaces installed within the last two years, newer updated plumbing, and windows that are only 5 years old. Property features a low-maintenance yard with no garage to maintain. Unbeatable location with quick access to major freeways and local shopping hubs. Don't miss out on adding this Detroit gem to your portfolio! Duplex structure. Do not disturb tenants. Lower unit currently occupied at $800/mo and paying month to month. Upper unit occupied at $750/mo (Contract ends in February 2027). Both leases have room to be adjusted to fair market value ($1,000-$1,200/mo). Upgrades include 2 new furnaces (approx. 2 years old), newer plumbing, and 5-year-old windows. Low maintenance with no garage. Perfect for an investor or a buyer looking to house-hack. BATVAI (Buyer's Agent to Verify All Information). Schedule showings via ShowingTime with 12-24 hour notice required.
Additional Information
- Lot Dimensions
- 33.25 x 103.04
- Heating
- Forced Air
- Basement
- Yes
- Basement Description
- Poured
- Foundation
- Basement
- Water
- Public
- School District
- Detroit City School District
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Listing Courtesy of RE/MAX Dream Properties, Office Phone: 734-462-3600
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.