14500 Strathmoor Street, Detroit, MI 48227 2870
14500 Strathmoor Street, Detroit, MI 48227 2870
14500 Strathmoor Street, Detroit, MI 48227 2870
14500 Strathmoor Street, Detroit, MI 48227 2870
14500 Strathmoor Street, Detroit, MI 48227 2870
14500 Strathmoor Street, Detroit, MI 48227 2870
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Shannon Bagdonas

Shannon Bagdonas

+1(313) 766-8387
$ 149,999
Est. payment | /mo

4 Baths

2,075 SqFt

Save
$ 149,999
Est. payment | /mo
Save

4 Baths

2,075 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,075 sqft

Price per Sqft $72

Subdivision Mi

MLS Listing ID 60985606

Style 2 Story

Full Baths 2

Half Baths 2

Year Built 1929

Annual Tax Amount $3,830

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40X120

Property Sub-Type Multi-Family

Property Description

PRICE REDUCED TO $149,999 + SELLER OFFERING UP TO $3,000 IN CONCESSIONS WITH AN ACCEPTABLE OFFER! TURNKEY, INCOME-PRODUCING BRICK DUPLEX ON DETROIT'S WEST SIDE! Welcome to 14500 Strathmoor, a fully occupied two-unit brick duplex situated on a desirable corner lot and generating $1,900 in combined monthly rent. At the new asking price, the property produces $22,800 in scheduled annual gross rent--an approximately 15.2% gross rental yield based on the current rent and list price. The property features separate upper and lower units, providing an attractive setup for investors seeking immediate rental income and long-term portfolio growth. The upper unit has been newly renovated with modern updates and includes a private balcony, adding functionality and tenant appeal. Solid brick construction provides strong curb appeal and potential long-term durability, while the corner location and one-car garage offer additional convenience. PROPERTY HIGHLIGHTS: * New price: $149,999 * Seller offering up to $3,000 in concessions * Fully occupied two-unit duplex * Combined monthly rent: $1,900 * Scheduled annual gross rent: $22,800 * Approximately 15.2% gross rental yield based on current rent and list price * Separate upper and lower units * Newly renovated upper unit * Private upper balcony * Solid brick construction * Desirable corner lot * One-car garage * Immediate income-producing potential * Convenient access to major freeways, shopping, schools, and public transportation This is an opportunity to acquire a performing multifamily asset with tenants already in place. Whether expanding an existing portfolio or purchasing a first income-producing property, 14500 Strathmoor deserves immediate consideration. Please do not approach the property or disturb the tenants. A minimum of 24-48 hours' notice is required for all showings. Proof of funds or financing qualification may be requested before confirmation. Buyer and buyer's agent to verify rental information, lease terms, expenses, property condition, and all financial

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement Block, Finished

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Vinyl Siding

Building

Story 2 Story

Foundation Basement

Water Public Water at Street

Structure Type Vinyl Siding

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA,FHA 203K

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main

Schools and Properties Nearby

Learn More About LPT Realty

Shannon Bagdonas
Shannon Bagdonas

Team Lead / Broker Partner

+1(313) 766-8387

movinginmichigan.net

6838 Park Ave, Allen Park, MI 48101-2036, USA

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14500 Strathmoor Street