7069 Elmhurst StDetroit, MI 48204

For Sale
$60,000

Two-unit rental, great ROI, $60k

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional multifamily investment property, located at 7069 Elmhurst St, Detroit, MI 48204, presents a compelling opportunity for savvy investors. Built in 1926, this two-unit, two-story building offers a solid foundation for generating rental income. Each unit is priced at $30,000, representing an affordable entry point into the Detroit real estate market. Situated in a desirable Detroit suburb, the property benefits from convenient access to city amenities while providing tenants with the appeal of suburban living. The property's strong income-producing potential makes it an ideal addition to any investment portfolio. The asking price of $60,000 offers significant value and potential for appreciation. Please note that this sale is subject to land bank terms. The property's parcel number is 16005723. All information should be independently verified by the buyer. Buyers are responsible for obtaining any necessary city certifications. The seller will utilize their preferred title company for both buyer and seller sides.

Highlights

  • Excellent suburban Detroit location, offering convenient city access.
  • Multifamily property with strong rental income potential.
  • Attractively priced for significant value and appreciation.
  • Offered subject to Land Bank terms, including potential incentives.

Property Details for 7069 Elmhurst St

Property type
Multifamily properties, Residential income homes
Year Built
1926
Stories
2
Units
2

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3758723
Longitude
-83.1413699
7069 Elmhurst St, Detroit, Michigan

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7069 Elmhurst St
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