BEDS0
BATHS2 full
SQUARE FEET2,988
MLS#20261045961
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWindmill Pointe Sub Also P6
SCHOOLDetroit
Property Description
Great Investment Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this versatile multi-unit property offers strong income potential in a rapidly appreciating area. Perfect for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental income. The lower unit is owner occupied and could command approximately $1,700 per month in rent, while the upper unit is currently leased through October 1, 2026, and rents for approximately $800 per month. Separate living spaces provide flexibility to rent both units or live in one and lease the other. Features include a spacious lot, detached two-car garage, basement storage, and a highly desirable location near waterfront parks, dining, and downtown Detroit amenities. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this property is packed with potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Upper/Lower Apartment
Lot Size: 0.16 Acres
Year Built: 1959
Feature Descriptions
Architecture: Upper/Lower Apartment
Days on Site: 1
Exterior: Brick, Vinyl
Foundation: Basement
Frontage Feet: 50
Lot Dimensions: 0.16 Acre(s)
Road Frontage: Paved
Summer Tax: $56.0000
Water Heater: Natural Gas
Winter Tax: $69.0000
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: Vie Real Estate
Agency Phone: (248) 600-4669
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 1,411.90 per month $1,341.93 Principal & Interest $0.00 Property Tax (data not provided by mls) $69.97 Homeowner's Insurance
648 Alter Road | MLS# 20261045961
This multi-family property located at 648 Alter Road , Detroit, MI 48215 is currently listed for sale with an asking price of $239,900. Alter Road is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.