8264 Cloverlawn Street, Detroit, Michigan 48204

$75,000

Property Details

MLS#: 20261008753
Bedrooms: N/A
Bathrooms: 2
Square Feet: 1,870
Price per Sqft: $40
Lot Size: 0.08 acres
Year Built: 1929
Property Type: ResidentialIncome
Status: Active
Days on Market: 9

Description

Multi-Family Investment Opportunity Located just outside the desirable Aviation Subdivision on Detroit’s west side, presents a strong value-add opportunity for investors seeking cash flow and long-term appreciation. This solid brick, two-unit multifamily property features two spacious two-bedroom apartments, each offering: Two, two-bedroom apartments equipped with: • Expansive living room with fireplace • Formal dining room • Functional kitchen layout • Full bathrooms •Two generously sized bedrooms The property retains classic architectural character and offers substantial upside potential. While it does require cosmetic updates, the structure itself is solid—making it an ideal light-rehab project for investors looking to build equity quickly. Additional features include a massive basement with two large, separate storage areas—one designated for each unit—providing added convenience for tenants and increased rental appeal. With current two-bedroom payment standards through Michigan State Housing Development Authority (MSHDA), is $1313 per two bedroom, this property has projected income of $2626 per month and $31, 512 per year. Presents a compelling opportunity for Section 8 or other housing assistance rental strategies. Whether you’re expanding your portfolio or entering the multifamily market, this is a prime opportunity in a stable west-side Detroit location. THIS DEAL WILL GO FAST! ACT NOW!

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 8264 Cloverlawn Street?

8264 Cloverlawn Street is listed at $75,000, or $40 per square foot.

How many bedrooms does 8264 Cloverlawn Street have?

This property has N/A bedrooms and 2 bathrooms, with 1,870 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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