$ 199,900
291 ENGLEWOOD Street Detroit, MI 48202
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$ 199,900
Est. payment | /mo
2 Baths
3,920 Sqft Lot
$ 199,900
Est. payment | /mo
2 Baths
3,920 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240061483
HOA Y/N true
Originating Board Realcomp
Year Built 1910
Annual Tax Amount $2,273
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30.00 x 123.00
Property Description
This property presents an outstanding investment opportunity in the highly sought-after Arden Park and North End areas of Detroit. The duplex currently generates a solid rental income of 1,000 per month for each unit, with leases set to end on December 31st, 2024, for Unit 1 and October 31st, 2024, for Unit 2. With market rents in the area ranging between 1,200 and 1,400 per unit, there is significant potential for increased revenue. The property itself has been thoughtfully remodeled to combine modern amenities with its original charm. It features beautifully preserved original hardwood floors throughout, giving the space a warm and inviting feel. The updated kitchen boasts newer countertops, providing a fresh and contemporary look. Additionally, the property benefits from newer plumbing and heating systems, ensuring both comfort and reliability for tenants. Each unit features 2 bedrooms, with access to a washer and dryer in the basement. Additionally, the property includes an attic that can easily be converted into a third bedroom or loft space. Situated in a prime location, this duplex is just a stone’s throw away from North End developments, the historic Boston Edison district, and the picturesque Arden Park neighborhood. Moreover, it offers easy access to the vibrant communities of Midtown, New Center, and Downtown Detroit, making it an attractive option for tenants seeking a central and convenient location. Whether you're looking to expand your rental portfolio or seeking a long-term investment with upside potential, this property is well worth considering.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Take I-96 To M-10. Exit On Oakland Ave And Make A Left At The Light. Turn Right On Englewood And The House Is On Your Right-Hand Side About 0.5 Miles Down
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
Waterfront No
View Y/N No
Building
Sewer Public
Water Public
Structure Type Vinyl Siding
Others
Tax ID W01I003584S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by KW Professionals