2398 Stair StreetDetroit, MI 48209

About

This Home

Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow — don't miss this one!

Details

Property Type

Residential Income

Style

Multi Family

Year Built

1922

Lot Size

0.08 acres

Garage Spaces

0

Heating

Forced Air, Natural Gas

Cooling

Central Air, Window Unit(s)

Basement

Finished

Annual Taxes

$5,223

MLS #

20261064156

Gallery