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$ 67,500
Est. payment /mo
Price Dropped by $2K
14622 Faircrest Street Detroit, MI 48205 2904
2 Baths
1,540 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,540 sqft
Price per Sqft $43
Subdivision Mi
MLS Listing ID 60994863
Style 2 Story
Full Baths 2
Year Built 1927
Annual Tax Amount $797
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 33.25X103.04
Property Sub-Type Multi-Family
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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Poured
Interior
Heating Forced Air
Fireplace No
Building
Story 2 Story
Foundation Basement
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Dream Properties
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