15867 Cherrylawn StDetroit, MI 48238

For Sale
$125,000

Charming 2-unit brick building, excellent cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
93
This well-maintained Detroit duplex, located at 15867 Cherrylawn St, offers a fantastic investment opportunity. Built in 1927, this two-story, 2,000 square foot building sits on a 0.09-acre lot in the desirable west side of the city, within Wayne County, and has a zip code of 48238. The property features two units, each boasting hardwood floors and original plasterwork. Both units are currently occupied by long-term month-to-month tenants, responsible for their own gas, electric, and cable bills. The property is zoned for multi-family use and includes two parking spaces. The asking price is $125,000, translating to $62.50 per square foot. The property's APN is W16I033327S. This turnkey investment presents a solid return with existing tenants in good standing. A land contract option is available. This is an exceptional opportunity for investors seeking a stable, income-generating property in a thriving Detroit neighborhood. The property has been meticulously maintained both inside and out.

Highlights

  • Well-maintained Detroit duplex, 2,000 sq ft, on a 0.09-acre lot.
  • Two units with hardwood floors and original plasterwork, currently occupied by month-to-month tenants.
  • Located at 15867 Cherrylawn St, Detroit, MI 48238 (Wayne County), zoned multi-family.
  • Two parking spaces; asking price $125,000 ($62.50/sq ft); APN W16I033327S.
  • Land contract option available.

Property Details for 15867 Cherrylawn St

Property type
Multifamily properties, Apartment buildings
Square Feet
2,000 SF
Year Built
1927
Stories
2
Lot Size (sq. ft)
3,920 SF
Units
2

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4089179
Longitude
-83.154802
15867 Cherrylawn St, Detroit, Michigan

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15867 Cherrylawn St
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