Income-Producing Brick Duplex | Section 8 | Turnkey Solid brick duplex featuring two spacious 3-bedroom, 1-bath units, one on each level. Each unit includes its own private basement with separate laundry, offering convenience and strong tenant appeal. Both units are currently rented, generating a combined monthly income of $2,700. One unit is occupied by a Section 8 tenant, providing stable, government-backed income, while the second unit is leased to a standard cash tenant, creating a balanced and diversified rental stream. This is a true turnkey asset with extensive 2024–2025 upgrades, keeping CAPEX reserves in your pocket, not in the property. Nearly everything a new owner would typically worry about has already been addressed: -Updated kitchens in both units (2025) -Updated bathrooms in both units (2025) -New windows in the lower unit (2025) -Fresh paint throughout the entire building (2025) -New water lines (2024) -New electrical lines (2024) Separate utilities, functional layout, and strong rental history make this an ideal opportunity for investors seeking immediate cash flow. Also well-suited for owner-occupants looking to offset or potentially eliminate their mortgage with rental income.
Listed By
Agency Name: Tarar Homes
Agency Phone: (313) 888-0315
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimated Payment
$ 1,147.65 per month $1,090.77 Principal & Interest $0.00 Property Tax (data not provided by mls) $56.88 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.
5061 Hillsboro Street | MLS# 20261003938
This multi-family property located at 5061 Hillsboro Street, Detroit, MI 48204 is currently listed for sale with an asking price of $195,000. Hillsboro Street is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.