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$ 152,000
Est. payment /mo
Coming Soon
5378 Vancouver Street Detroit, MI 48204 5040
2 Baths
2,088 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $72
Subdivision Mi
MLS Listing ID 61043469
Style 2 Story
Full Baths 2
Year Built 1916
Annual Tax Amount $3,219
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30X136.63
Property Sub-Type Multi-Family
Property Description
Live in one, rent the other, or rent both! Listed at $153,000, 5378-5382 Vancouver Street is an updated brick duplex with two 2-bedroom units and about 2,088 square feet. Numerous updates, appliances included, and new mechanicals add value and appeal for investors, owner-occupants, and house hackers. At projected rents of $1,250 per unit, this property offers $2,500 in monthly gross rental potential ($30,000 annually) and an estimated 12.1% pro forma cap rate. Rent both units to grow your portfolio, or occupy one while the other's rental income helps offset your housing costs. Located in Detroit's west-side Tireman area with convenient access to New Center, Henry Ford Hospital, and Downtown's dining, entertainment, and employment destinations. Updated, available, and ready for your next move. Schedule your showing today! Projected cap rate uses full rental income, reported annual taxes of $2,818, estimated insurance of $1,200, and a 25% allowance for vacancy and other operating costs. Actual results may vary. Buyer to verify all information.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Aluminum
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Water Public Water at Street
Structure Type Aluminum
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 KW Metro
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