MI
Wayne
Detroit City
48210
5827 Lumley Street
5827 Lumley Street, Detroit City, MI 48210
Share Listing
Listing Type
Single Family
Listing Status
Active
20
$199,000

Home Details for 5827 Lumley Street

Price
$199,000
Type
Residential
Bedrooms
6
Bathrooms
4.0
Square feet
2904
Year built
1924
Lot size acres
0.07
County
Wayne
Total rooms
6
Garage
Basement
Finished
Days on site
8
MLS Listing#
20261009550
Property Description

Excellent investment opportunity in the heart of Detroit. This well-maintained 3-unit multifamily property is a strong cash-producing asset with immediate income in place. Two of the three units are currently rented, generating a combined $2,250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1,000 per month. All units have been well cared for, and the property has a solid rental history. Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance. Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity. Do not miss this income-generating multifamily property.

Property Features
  • Parking
    • Alley Access
    • Covered
    • Drive Through
    • No Garage
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • None
  • Water Features
    • Public
  • Basement
    • Finished
Listing Courtesy: R2M Realty - 248-688-7838
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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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