$137,500
$165,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
13364 CORBETT Street Detroit, MI 48213
2 Beds
2 Baths
1,706 SqFt
Key Details
Sold Price $137,500
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,706 sqft
Price per Sqft $80
Subdivision Ravendale No 2 (Plats)
MLS Listing ID 20230065308
Sold Date 10/13/23
Style Other
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1941
Annual Tax Amount $1,677
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40.00 x 125.00
Property Description
Prime Investment Opportunity in Detroit, MI - Fully Occupied Duplex with Section 8 Tenants. Welcome to 13364 Corbett, a fantastic income-generating duplex located in a thriving neighborhood of Detroit. This property presents an excellent chance for savvy investors to expand their portfolio or for those seeking a lucrative investment with consistent rental income.
Property Features:
1. Duplex Perfection: This well-maintained duplex offers two separate units, each featuring 2 bedrooms and 1 bathroom, providing comfortable and spacious living spaces for tenants.
2. Turnkey Investment: Both units are currently rented out to reliable Section 8 tenants, ensuring a steady monthly income. The first unit is rented for $1,094 per month, while the second unit is rented for $900 per month, providing an attractive return on investment.
3. Hassle-Free Management: With Section 8 tenants, you can enjoy the benefits of timely rent payments and reduced vacancy risks, making property management a breeze.
4. Desirable Location: Detroit is known for its robust rental market, and this property's location offers easy access to schools, parks, shopping centers, and public transportation, enhancing its appeal to potential tenants.
5. Low Maintenance: The property's low-maintenance design and well-kept exterior contribute to a hassle-free ownership experience, saving you time and expenses.
6. Potential for Appreciation: Detroit's real estate market has shown promising signs of appreciation, making this property a promising long-term investment.
7. Investor's Dream: Whether you're an experienced investor or a newcomer to real estate, this duplex's strong rental history and consistent income stream make it an ideal addition to your investment portfolio.
Don't miss out on this exceptional investment opportunity!
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Multi-Family
Direction corbett & coplin
Rooms
Basement Unfinished
Interior
Heating Wall/Floor Furnace
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Waterfront no
Road Frontage Paved
Garage yes
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Architectural Style Other
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W21I006784S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash, Conventional
Rebuilt Year 2023
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2024 Realcomp II Ltd. Shareholders
Bought with 1st Michigan Real Estate