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$469,000
Est. payment /mo
5 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261035646
Year Built 1925
Annual Tax Amount $4,181
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50 x 118
Source Realcomp
Property Description
This fully renovated 4-unit multifamily property offers an exceptional house hacking opportunity for owner-occupants seeking to live in one unit while generating strong rental income from the remaining three. Rare opportunity for investors seeking a stabilized property with future expansion potential. Each spacious unit offers 3 bedrooms and 1 bathroom, with current market-supported rents of $1,587 per month for comparable 3-bedroom units within the subject ZIP code Section 8 market. The property underwent a complete gut renovation with ownership strategically modernizing the asset to support operational efficiency. Improvements include exterior brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory. Also offering additional space for future enhancements. The expansive basement may provide an opportunity for amenities such as coin-operated laundry, tenant storage, or other uses as determined by ownership. The oversized attic with approximately 12-foot ceilings offers additional space that may present expansion possibilities, subject to buyer due diligence, municipal approvals, zoning requirements, permitting, and all applicable city regulations. Two tenants already secured by closing.
Location
State MI
County Wayne
Zoning Residential
Direction From I-94, exit south onto Livernois Ave, turn left onto W Warren Ave, right onto La Salle Blvd, then left onto Clements
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W08I004549S
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Listed by Premier Realty Service LLC
Nearby Locations
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