$199,000 for Sale
5827 lumley street, detroit, MI 48210
| Beds 6 | Baths 4 | 1,848 Sqft | 0.07 Acres |
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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.
General Information
Sale Price: $199,000
Price/SqFt: $108
Status: Active
MLS#: rcomi60969905
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: dendels sub
Acres: 0.07
Lot Dimensions: 30X100
Bedrooms:6
Bathrooms:4 (3 full, 1 half)
House Size: 1,848 sq.ft.
Acreage: 0.07 est.
Year Built: 1924
Property Type: Single Family
Style: Colonial
Features & Room Sizes
Bedroom 1: 12x12
Bedroom 2 : 12x11
Bedroom 3: 14x12
Bedroom 4: 11x12
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved Street
Garage: No Garage
Exterior: Vinyl Siding
Basement: Yes
Basement Description: Finished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $1,633
Est. Winter Taxes: $1,633
HOA fees:
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Listing By: Md Ashraf Karim of R2M Realty, Phone: 248-688-7838
