MI
Wayne
River Rouge City
48218
206 Frazier Street
206 Frazier Street, River Rouge City, MI 48218
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Listing Type
Multi Family
Listing Status
Active
15
$89,995

Home Details for 206 Frazier Street

Price
$89,995
Type
Residential Income
Bedrooms
6
Bathrooms
4.0
Square feet
1885
Year built
1961
Lot size acres
0.1
County
Wayne
Garage
Basement
Crawl Space
Days on site
31
MLS Listing#
20251052348
Property Description

Outstanding investment property! Great for investment purposes or live in one side and rent the other to help pay your mortgage. Home has been a cash machine for years! Rare single-level duplex on quiet street, super close to police and fire. 3 bedrooms/ 1 bath each side. Unit #1 virtually move-in ready. Unit #2 needs cosmetic rehab including some floor covering, paint, etc. Mostly hardwood floors in each unit. Home has been owned for approximately 9 years. Unit #1 tenant just moved out after 7+ years. Unit #2 tenant just moved after 9 years. Very stable occupancy! Separate utilities, owner pays water and lawn care. Rents were under market rates as tenants had been with home for many years. Workers have been approached many times by people wishing to rent units as soon as they became vacant! Demand is readily present! Rent increase to $1600.00-1700.00/month (for both units rented) very possible!

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • None
  • Water Features
    • Other
  • Parking
    • On Street
  • Basement
    • Crawl Space
Listing Courtesy: Key Realty - Monroe - 877-593-7589
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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