12890 Sussex Street, Detroit, MI 48227
- $170,000
- 3
- BA
- List Price
- $170,000
- Price Change
- ▼ $10,000 1778377831
- Days on Market
- 234
- MLS#
- 20261002902
- Status
- ACTIVE BACKUP
- Type
- Multifamily
- Bathrooms
- 3
Property Description
Great opportunity to own a 3-unit multifamily in Detroit’s Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month and 2-bedroom is recently tenanted through Sec 8 for $1,201/month. Both have been fully renovated prior to be occupied. The rehabbed studio previously rented for $900/month, creating projected gross rents of approx. $3,300/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities.
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Additional Information
- Taxes
- $1,028
- Acres
- 0.08
- Heating
- Baseboard, Forced Air
- Roofing
- Composition
- School District
- Detroit
- Water
- Public
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Listing courtesy of Listing Agent: Brett Maciag from Listing Office: Sine & Monaghan LLC.
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