3807 Clairmount AveDetroit, MI 48206

For Sale
$40,000

Two-unit rental, great Detroit location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional multifamily investment property, located at 3807 Clairmount Ave, Detroit, MI 48206, presents a compelling opportunity for savvy investors. The property, built in 1919, comprises two units within a two-story building, offering a combined 2,548 square feet of living space situated on a 3,485 square foot lot. The asking price is $40,000, translating to $15.70 per square foot and $20,000 per unit. This represents an affordable entry point into the Detroit real estate market, offering significant potential for appreciation. The property's location in a desirable Detroit suburb provides convenient access to city amenities while appealing to tenants seeking suburban living. The property is designed to generate consistent rental income, making it an attractive addition to any investment portfolio. Note that this sale is subject to land bank terms, which may offer additional incentives and benefits to the buyer. The Wayne County property features APN 14003307. This is a rare chance to acquire a well-positioned, income-producing asset at a highly competitive price. Don't miss this chance to expand your investment portfolio with this promising multifamily property.

Highlights

  • $40,000 asking price for a two-unit multifamily property.
  • Located in a desirable Detroit suburb, offering convenient access to city amenities.
  • Income-producing property ideal for portfolio diversification.
  • Exceptional value with significant potential for appreciation.
  • Sale subject to Land Bank terms.

Property Details for 3807 Clairmount Ave

Property type
Multifamily properties, Residential income homes
Square Feet
2,548 SF
Year Built
1919
Stories
2
Units
2

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3686469
Longitude
-83.1187779
3807 Clairmount Ave, Detroit, Michigan

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3807 Clairmount Ave
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