1583 Hurlbut Street, Detroit, MI 48214
1583 Hurlbut Street, Detroit, MI 48214
1583 Hurlbut Street, Detroit, MI 48214
1583 Hurlbut Street, Detroit, MI 48214
1583 Hurlbut Street, Detroit, MI 48214
1583 Hurlbut Street, Detroit, MI 48214
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Shannon Bagdonas

Shannon Bagdonas

+1(313) 766-8387
$ 249,900
Est. payment | /mo

2 Baths

2,556 SqFt

Save
$ 249,900
Est. payment | /mo
Save

2 Baths

2,556 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,556 sqft

Price per Sqft $97

Subdivision Mi

MLS Listing ID 61008581

Style 2 Story

Full Baths 2

Year Built 1907

Annual Tax Amount $5,211

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 33x115

Property Sub-Type Multi-Family

Property Description

High-yield Detroit duplex with stable income and value-add upside. Prime investment structure: two-unit duplex (multi-family zoning) with 3-bedroom units--ideal for long-term rental demand and simple portfolio scaling. Fully occupied with tenant possession and existing leases in place, delivering immediate cash flow from day one; rent reportedly includes sewer and water. Favorable operating footprint: 33 x 115 lot, paved road frontage, on-street parking and public utilities (water/sewer/cable available), simplifying management and lowering capital surprises. Solid building fundamentals: built 1907 with poured full basement (approx. 1,045 sq ft) and updated systems possible to prioritize for value-add; duplex layout and two-story configuration support unit-level renovations and rent bumps. Complete renovation 2024 inside and out. Updated plumbing, electrical with new service pannels, HVAC with new furnances, all seperate utilities except one water meter that the tenants split the bill. New windows, roof & exterior siding, new decking and patios. Financial edge for buyers: lower listing price (seller motivated to move to larger multifamily) creates opportunity for immediate equity and accelerated returns through modest rent increases, expense optimization, or unit upgrades. Compare to comparables in the $300,000+ range. Quick due-diligence wins: clear public records (property ID W1910048775S) and mapped location in Detroit (zip 48206) enable fast underwriting and neighborhood comparables. Financing and exit: Detroit investor-friendly loan products exist for small multifamily; current 30-year fixed quotes near 7% for approved credit may apply--shop multiple lenders for best leverage to boost cash-on-cash returns.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement Poured

Interior

Interior Features Cable/Internet Avail.

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Vinyl Siding

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Vinyl Siding

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

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

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

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Shannon Bagdonas, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Tour the Home

1583 Hurlbut Street