508 - 506 Kenilworth, Detroit, Michigan 48202

$425,000

Property Details

MLS#: 20251051799
Bedrooms: N/A
Bathrooms: 4
Square Feet: 3,900
Price per Sqft: $109
Lot Size: N/A
Year Built: 1911
Property Type: ResidentialIncome
Status: Active
Days on Market: 85

Description

Fantastic Investment Opportunity in Detroit’s Fastest-Growing Zip Code! PLEASE DO NOT DISTURB THE TENANTS! Welcome to 508 Kenilworth Street, a fully occupied fourplex located in the heart of Detroit’s North End - the city’s most exciting and rapidly developing neighborhood, part of the highly sought-after 48202 zip code. Each of the four units features 2 bedrooms and 1 full bath, all currently leased month-to-month. The cap rate for the market rent and area is 12% ROI. This well-maintained property offers both immediate cash flow and long-term appreciation potential in one of Detroit’s premier redevelopment corridors. The North End is quickly becoming one of Detroit’s most desirable areas, fueled by major nearby investment including the $2.2 billion redevelopment project transforming the city’s core. Residents enjoy quick access to Midtown, New Center, and Downtown Detroit, all just minutes away. The property is conveniently close to major landmarks such as the Fisher Building, Henry Ford Hospital, Detroit Medical Center, and Wayne State University, as well as numerous dining, shopping, and entertainment options. Outdoor enthusiasts will appreciate the proximity to Gordon Park and other neighborhood green spaces, while commuters benefit from easy connections to Woodward Avenue and I-75. This location combines strong rental demand with a deep sense of community and ongoing revitalization. The North End is rich in history, creativity, and culture, home to local art studios, neighborhood cafes, and new businesses fueling Detroit’s urban renaissance. The area’s central location and infrastructure improvements continue to attract new residents and investors alike, ensuring sustained property value growth. With 100% occupancy, month-to-month leases, and room for rental increases, 508 Kenilworth represents an exceptional turnkey investment opportunity. Add this income-producing asset to your portfolio today and secure a prime property in a booming Detroit market.

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 508 - 506 Kenilworth?

508 - 506 Kenilworth is listed at $425,000, or $109 per square foot.

How many bedrooms does 508 - 506 Kenilworth have?

This property has N/A bedrooms and 4 bathrooms, with 3,900 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

Similar Homes for Sale in Detroit

2915 John R Street, Detroit — $425,000 · 2bd · 2ba · 1,318sqft
2619 WABASH Street, Detroit — $425,000 · 3bd · 1ba · 1,406sqft
1701 Balmoral Drive, Detroit — $425,000 · 1bd · 1ba · 1,400sqft
1713 Pallister Street, Detroit — $424,500 · 2bd · 2ba · 1,412sqft
1517 EDISON Street, Detroit — $429,000 · 4bd · 3ba · 2,500sqft
7546 Churchill Street, Detroit — $429,500 · 2bd · 2ba · 1,250sqft
1119 Custer Street, Detroit — $430,000 · 4ba · 3,396sqft
615 Hancock Street, Detroit — $419,900 · 2bd · 2ba · 1,159sqft