MI
Wayne
Detroit City
48204
5272 Maplewood Street
5272 Maplewood Street, Detroit City, MI 48204
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Listing Type
Multi Family
Listing Status
Active
22
$189,900

Home Details for 5272 Maplewood Street

Price
$189,900
Type
Residential Income
Bedrooms
4
Bathrooms
2.0
Square feet
1900
Year built
1921
Lot size acres
0.1
County
Wayne
Garage
Basement
Full, Unfinished
Days on site
0
MLS Listing#
20251060023
Property Description

Unmissable opportunity to acquire a turnkey, cash-flowing duplex with exceptional tenants. This meticulously maintained property is the perfect addition to any serious investment portfolio. Current rents are $1,930 total, with a significant value-add opportunity to immediately adjust to the market rate of $2,400 total, unlocking maximum cash flow and the potential for a 14% Cash-on-Cash ROI! Two spacious units, each featuring 2 bedrooms and 1 full bath, plus a desirable and highly functional and attractive layout; ?Living Room, ?Formal Dining Room, ?Eat-in Kitchen, ?Dedicated Den/Office, ?Separate basement storage units and utility areas. Benefit from performing, clean, and cooperative tenants who pay on time and meticulously handle snow removal and lawn care—drastically reducing your operating expenses and management headaches! This property boasts extensive, high-cost updates, minimizing future capital expenditures: ?Major Systems Updated: Newer Roof (2018), Newer Vinyl Windows, Updated Electrical Fixtures, Updated Plumbing, and Updated Mechanicals. Refinished and maintained hardwood floors, glass block windows, updated gutters, and new doors. Tenants pay for their own Gas and Electric. Both tenants contribute to a DTE Home Protection Plan covering the Furnace and Hot Water Tank! This is a rare, low-stress, high-performing asset. Seize the chance to immediately boost your portfolio's performance!

Property Features
  • Heating Information
    • None
    • Natural Gas
    • ENERGY STAR Qualified Equipment
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • None
  • Water Features
    • Public
  • Parking
    • On Street
Listing Courtesy: EXP Realty Main - 888-501-7085
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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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