MI
Wayne
Detroit City
48227
15436 STEEL Street
15436 STEEL Street, Detroit City, MI 48227
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Listing Type
Multi Family
Listing Status
Active
18
$180,000

Home Details for 15436 STEEL Street

Price
$180,000
Type
Residential Income
Bedrooms
4
Bathrooms
2.0
Square feet
2054
Year built
1928
Lot size acres
0.1
County
Wayne
Garage
Basement
Unfinished
Days on site
1
MLS Listing#
20251060096
Property Description

WELCOME TO 15435 STEEL STREET, LOCATED ON A 4,250 SQUARE FOOT LOT IN A QUIET, OWNER-OCCUPIED NEIGHBORHOOD. THIS IMPRESSIVE DUPLEX FEATURES TWO SPACIOUS TWO-BEDROOM UNITS. THE UPPER UNIT HAS BEEN FULLY RENOVATED WITH A BRAND-NEW KITCHEN, UPDATED FLOORING AND CARPET, A MODERNIZED BATHROOM, AND NEW LIGHTING THROUGHOUT. THE PROPERTY GENERATES $2,107 IN MONTHLY RENTAL INCOME, WITH ONE UNIT NEWLY LEASED TO A SECTION 8 TENANT AT $1,157 PER MONTH AND THE SECOND OCCUPIED BY A LONG-TERM CASH-PAYING TENANT AT $950, IN PLACE FOR OVER 10 YEARS WITH A STRONG PAYMENT HISTORY. TENANT PAY ALL UTILITIES OTHER THAN WATER BRINGING THE ROI TO 14%. NO SHOWINGS WITHOUT AN ACCEPTED FULL-PRICE OFFER.

Property Features
  • Heating Information
    • Hot Water
    • Natural Gas
  • Utilities
    • Sewer Available
    • Water Available
  • Cooling Information
    • None
  • Basement
    • Unfinished
Listing Courtesy: Realtyflo Inc - 313-466-7253
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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