5217 Lakeview Street, Detroit, Michigan 48213

$160,000

Property Details

MLS#: 58050200431
Bedrooms: 4
Bathrooms: 2
Square Feet: 1,680
Price per Sqft: $95
Lot Size: 0.09 acres
Year Built: 1928
Property Type: ResidentialIncome
Status: Active
Days on Market: 31

Description

Incredible opportunity on this duplex! Complete remodel in 2024 including a roof & mechanicals, hot water tanks. Each unit has new appliances included in the sale. Tenant rents are @ $1,150 per month upper and lower was rented for $1,200 and is currently available. Current rents give this property a CAP Rate of 14%!! Great location on the East side bordering Grosse Pointe and near St. John's Hospital and I94 expressway, located one block off Warren Ave. Tenants have access to the basement with laundry area. All conveniences within a couple of miles and will accommodate any tenant. This is property makes an incredible investment and would also be perfect for an owner occupant with tenant. Open to all financing, schedule your viewing today. Possible tenant application in place.

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 5217 Lakeview Street?

5217 Lakeview Street is listed at $160,000, or $95 per square foot.

How many bedrooms does 5217 Lakeview Street have?

This property has 4 bedrooms and 2 bathrooms, with 1,680 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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