22
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$189,900
Est. payment /mo
2 Baths
1,900 SqFt
New
5272 Maplewood Street Detroit, MI 48204 3807
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,900 sqft
Price per Sqft $99
Subdivision Mi
MLS Listing ID 60959062
Style 2 Story
Full Baths 2
Year Built 1921
Annual Tax Amount $1,056
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X120.27
Property Sub-Type Multi-Family
Property Description
Unmissable opportunity to acquire a turnkey, cash-flowing duplex with exceptional tenants. This meticulously maintained property is the perfect addition to any serious investment portfolio. Current rents are $1,930 total, with a significant value-add opportunity to immediately adjust to the market rate of $2,400 total, unlocking maximum cash flow and the potential for a 14% Cash-on-Cash ROI! Two spacious units, each featuring 2 bedrooms and 1 full bath, plus a desirable and highly functional and attractive layout; ?Living Room, ?Formal Dining Room, ?Eat-in Kitchen, ?Dedicated Den/Office, ?Separate basement storage units and utility areas. Benefit from performing, clean, and cooperative tenants who pay on time and meticulously handle snow removal and lawn care - drastically reducing your operating expenses and management headaches! This property boasts extensive, high-cost updates, minimizing future capital expenditures: ?Major Systems Updated: Newer Roof (2018), Newer Vinyl Windows, Updated Electrical Fixtures, Updated Plumbing, and Updated Mechanicals. Refinished and maintained hardwood floors, glass block windows, updated gutters, and new doors. Tenants pay for their own Gas and Electric. Both tenants contribute to a DTE Home Protection Plan covering the Furnace and Hot Water Tank! This is a rare, low-stress, high-performing asset. Seize the chance to immediately boost your portfolio's performance!
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Interior
Fireplace No
Exterior
Exterior Feature Brick, Vinyl Siding
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick,Vinyl Siding
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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