38
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$210,000
Est. payment /mo
2 Baths
2,782 SqFt
Active
15500 Cruse Street Detroit, MI 48227 3276
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,782 sqft
Price per Sqft $75
MLS Listing ID 60982166
Style 2 Story
Full Baths 2
Year Built 1919
Annual Tax Amount $3,211
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60x122
Property Sub-Type Multi-Family
Property Description
Fully renovated in 2024, this turnkey duplex offers immediate cash flow with significant upside in a strong rental market. The property features a highly desirable unit mix with one 4-bedroom unit and one 3-bedroom unit, catering to larger households and voucher tenants. Both units are currently occupied, generating $2,100/month ($1,100 + $1,000), providing in-place income from day one. Where this deal gets interesting is the upside. 3-bedroom units in the area are renting for approximately $1,250–$1,400/month, while 4-bedroom units are achieving $1,600–$1,700/month. This creates a clear path to increase rents to $2,900–$3,100+/month, offering a strong value-add opportunity without additional major renovations.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Aluminum
Building
Story 2 Story
Foundation Basement, Crawl
Water Public Water
Structure Type Aluminum
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Tarar Homes
Nearby Locations
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