Fully renovated in 2024, this turnkey duplex offers immediate cash flow with significant upside in a strong rental market. The property features a highly desirable unit mix with one 4-bedroom unit and one 3-bedroom unit, catering to larger households and voucher tenants. Both units are currently occupied, generating $2,100/month ($1,100 + $1,000), providing in-place income from day one. Where this deal gets interesting is the upside. 3-bedroom units in the area are renting for approximately $1,250–$1,400/month, while 4-bedroom units are achieving $1,600–$1,700/month. This creates a clear path to increase rents to $2,900–$3,100+/month, offering a strong value-add opportunity without additional major renovations.
Listed By
Agency Name: Tarar Homes
Agency Phone: (313) 888-0315
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 1,235.93 per month $1,174.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $61.25 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
15500 Cruse Street | MLS# 20261023241
This multi-family property located at 15500 Cruse Street, Detroit, MI 48227 is currently listed for sale with an asking price of $210,000. Cruse Street is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.