Refine Search

5061 Hillsboro Street, Detroit, MI 48204

$195,000
  • 5061 Hillsboro Street, Detroit, MI 48204 Main Photo

19 Total Photos [Click to View All]

Active
BEDS0 BATHS2 full SQUARE FEET2,558 MLS#20261003938
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMore Than One Sub Involved SCHOOLDetroit

Property Description

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.

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.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Duplex
Lot Size: 0.09 Acres
Year Built: 1924

Feature Descriptions

Architecture: Duplex
Days on Site: 98
Exterior: Brick
Foundation: Basement
Lot Dimensions: 0.09 Acre(s)
Road Frontage: Paved
Summer Tax: $2776.0000
Winter Tax: $183.0000
Year Remoldeled: 2025

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

IDX logo

Estimate Your Payment

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 Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Register to View this Listing

Why Create an Account?

If 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.

With an account you can:

  • Save your favorite listings
  • Save searches with your important parameters
  • Be emailed about new listings that meet your criteria
  • Be notified of changes to your saved listings such as a price reduction or when a property goes off the market
  • Keep track of homes you have recently viewed

Sign Up Today

At least 6 characters with one uppercase, one lowercase, and one number

Already have an account? Sign in here.

Forgot your password?

Pixel