15500 Cruse Street, Detroit, Michigan 48227

$210,000

Property Details

MLS#: 20261023241
Bedrooms: N/A
Bathrooms: 2
Square Feet: 2,782
Price per Sqft: $75
Lot Size: 0.17 acres
Year Built: 1919
Property Type: ResidentialIncome
Status: Active
Days on Market: 13

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.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 15500 Cruse Street?

15500 Cruse Street is listed at $210,000, or $75 per square foot.

How many bedrooms does 15500 Cruse Street have?

This property has N/A bedrooms and 2 bathrooms, with 2,782 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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