12614 Promenade Street, Detroit, Michigan 48213

$39,900

Property Details

MLS#: 20261030669
Bedrooms: 4
Bathrooms: 2
Square Feet: 1,764
Price per Sqft: $23
Lot Size: 0.12 acres
Year Built: 1929
Property Type: Residential
Status: Active
Days on Market: 127

Market Analysis

Estimated Value (CMA): $149,940
Area Avg Price/Sqft: $94
This Property: $23/sqft ($71 below area average)
Price Position: -76.0% vs comparable homes
Comparable Properties Analyzed: 4

Description

This solid two-family brick home is located just minutes from Coleman A. Young International Airport offers a great value-add opportunity for investors or owner-occupants looking for rental income. Each unit features 2 bedrooms and 1 full bath, with separate living and dining areas, providing strong rental potential once fully renovated. The property has been partially rehabbed, giving a head start on improvements, but still requires additional work to bring it to full market condition. With its brick exterior for long-term durability and flexible layout, this home can be turned into a cash-flowing asset in a growing and developing area of Detroit. Ideal for investors seeking sweat equity, BRRRR opportunity, or a long-term hold. Don’t miss the upside potential in this value-driven two-unit property.

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 12614 Promenade Street?

12614 Promenade Street is listed at $39,900, or $23 per square foot.

How many bedrooms does 12614 Promenade Street have?

This property has 4 bedrooms and 2 bathrooms, with 1,764 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) 484-4696

Email: info@sonicrealty.com

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