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About the Listing 103418 - RC439342
PRICE REDUCED TO $149,999 + SELLER OFFERING UP TO $3,000 IN CONCESSIONS WITH AN ACCEPTABLE OFFER! TURNKEY, INCOME-PRODUCING BRICK DUPLEX ON DETROIT'S WEST SIDE! Welcome to 14500 Strathmoor, a fully occupied two-unit brick duplex situated on a desirable corner lot and generating $1,900 in combined monthly rent. At the new asking price, the property produces $22,800 in scheduled annual gross rent--an approximately 15.2% gross rental yield based on the current rent and list price. The property features separate upper and lower units, providing an attractive setup for investors seeking immediate rental income and long-term portfolio growth. The upper unit has been newly renovated with modern updates and includes a private balcony, adding functionality and tenant appeal. Solid brick construction provides strong curb appeal and potential long-term durability, while the corner location and one-car garage offer additional convenience. PROPERTY HIGHLIGHTS: * New price: $149,999 * Seller offering up to $3,000 in concessions * Fully occupied two-unit duplex * Combined monthly rent: $1,900 * Scheduled annual gross rent: $22,800 * Approximately 15.2% gross rental yield based on current rent and list price * Separate upper and lower units * Newly renovated upper unit * Private upper balcony * Solid brick construction * Desirable corner lot * One-car garage * Immediate income-producing potential * Convenient access to major freeways, shopping, schools, and public transportation This is an opportunity to acquire a performing multifamily asset with tenants already in place. Whether expanding an existing portfolio or purchasing a first income-producing property, 14500 Strathmoor deserves immediate consideration. Please do not approach the property or disturb the tenants. A minimum of 24-48 hours' notice is required for all showings. Proof of funds or financing qualification may be requested before confirmation. Buyer and buyer's agent to verify rental information, lease terms, expenses, property condition, and all financial
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full / 2 Half
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2075
- Below Ground Sq Ft: n/a
- Basement: Block,Finished
- Other:
- Water: Public Water at Street
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40X120
- Zoning: Multi-Family
- Roof:
- Others: Exterior Balcony
- Sewer:
Financial Details
- Tax Amount: $3,830
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
14500 Strathmoor Detroit, MI 48227
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