$159,900
For Sale

2245-2247 W GRAND STREET

Detroit, MI 48238
2000 sqft | 3 baths | #20240039325
Browse 13 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

Multi-family Duplex with Bonus House and Adjoining Lot in Prime Detroit Location! Discover this exceptional investment opportunity in a desirable Detroit neighborhood. This property features a well-maintained duplex offering spacious units, perfect for rental income. Newer roof with complete tear off in 2022. Furnace was installed in 2022. Both hot water tanks were installed in 2020 and in 2022. Additionally, there's a separate house in the back, providing extra rental potential or a private owner’s residence. Included is an adjoining lot, ideal for future development or expansion. Situated in a thriving area with strong demand, this is a rare chance to secure a high-yield asset. Invest now for reliable cash flow and long-term appreciation. Don’t miss out!
Accepted offer and proof of funds/pre-approval letter is required prior to all showings. *Upper unit is leased at $1,200 per month, lower unit is vacant. Rear tenant is in process of leaving

  • Interior Details
      • HeatingForced Air
    • Beds & Baths
      • Total Baths3.00
      • Bathrooms3
      • Full Baths3
  • Property Details
      • Square Feet2000
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1927
  • Community and Neighborhood Details
      • ZoningMulti-Family
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$159,900
  • Other
      • MLS #20240039325

Location

Alexis ThompsonReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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