3000 CORTLAND Street, Detroit, Michigan 48206

$125,000

Property Details

MLS#: 20251055853
Bedrooms: N/A
Bathrooms: 2
Square Feet: 2,724
Price per Sqft: $46
Lot Size: 0.1 acres
Year Built: 1925
Property Type: ResidentialIncome
Status: Active
Days on Market: 45

Description

Welcome to 3000 Cortland, a fully occupied rental collecting $2,000/month (19.1% cap rate - 128% cash on cash), with a month to month tenant in the upper, and a new tenant moving into the lower as of November 1 paying $800/month to month. The upper unit's attic has been converted to additional living space allowing for an easy rent increase. As you drive the street, you'll see a flurry of homes being renovated, with renovated units selling well beyond $200,000. This is a great option to house hack, to BRRR, or to make a quick flip.

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 3000 CORTLAND Street?

3000 CORTLAND Street is listed at $125,000, or $46 per square foot.

How many bedrooms does 3000 CORTLAND Street have?

This property has N/A bedrooms and 2 bathrooms, with 2,724 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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