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About the Listing 113880 - 683032
Excellent investment opportunity in the heart of Detroit. This well-maintained 3-unit multifamily property is a strong cash-producing asset with immediate income in place. Two of the three units are currently rented, generating a combined $2,250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1,000 per month. All units have been well cared for, and the property has a solid rental history. Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance. Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity. Do not miss this income-generating multifamily property.
Listing Highlights
Status
Active
Days on Site
31
Property Type
Residential
MLS ®
60969905
Year Built
1924
Total Square Footage
1,848
Lot/Acreage
0.07
County
Wayne
Neighborhood
Dendels Sub
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full / 1 Half
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1848
- Below Ground Sq Ft: 1056
- Basement: Finished
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30X100
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $3,266
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
5827 Lumley Detroit, MI 48210
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