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15500 Cruse Street, Detroit, MI 48227

$210,000
  • 15500 Cruse Street, Detroit, MI 48227 Main Photo

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Active
BEDS0 BATHS2 full SQUARE FEET2,782 MLS#20261023241
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONGlengarry SCHOOLDetroit

Property Description

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.

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.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Duplex
Lot Size: 0.17 Acres
Year Built: 1919

Feature Descriptions

Architecture: Duplex
Days on Site: 16
Exterior: Aluminum
Foundation: Crawl, Basement
Frontage Feet: 60
Lot Dimensions: 0.17 Acre(s)
Road Frontage: Paved
Summer Tax: $2861.0000
Winter Tax: $350.0000
Year Remoldeled: 2024

Local Schools

School District: Detroit

Listed By / Shown By

Listed By

Agency Name: Tarar Homes
Agency Phone: (313) 888-0315

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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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 Insurance

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