12186 Roselawn Street, Detroit, Michigan 48204
$150,000
Property Details
- MLS#: 20261046553
- Bedrooms: N/A
- Bathrooms: 2
- Square Feet: 2,450
- Price per Sqft: $61
- Lot Size: N/A
- Year Built: 1923
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 110
Tax and Assessment Information
Tax and assessment information is unavailable.
Description
Here's a rare investor opportunity - a fully updated duplex with both units occupied by Section 8 tenants backed by the government. This Detroit duplex features two 2-bedroom, 1-bath units, both currently rented through Section 8 at $1,150/month and $950/month, for a total monthly rent roll of $2,100/month and $25,200/year in gross scheduled income. The property has been recently refreshed, helping reduce near-term maintenance concerns and support tenant retention. Updates include brand-new vinyl windows, fresh paint throughout, new plush carpeting, updated kitchen cabinets and countertops, and new furnaces for improved efficiency and reliability. From a buy-and-hold perspective, this asset checks several important boxes: two occupied units, Section 8 rental income, separate income streams, updated interiors, and major mechanical improvements already completed. The duplex setup also helps reduce reliance on a single tenant, while the 2-bedroom unit mix remains practical and rentable in Detroit’s investor market. Priced at $170,000, the property offers an attractive 14.8% gross rent-to-price return and a 1.24% monthly rent-to-price ratio. For DSCR buyers, the current rent roll creates strong debt coverage potential. Based on a typical 75% LTV scenario, the estimated loan amount would be approximately $127,500, giving investors a solid income base to work with. Final DSCR will depend on lender rate, taxes, insurance, and underwriting, but the rental income is compelling for investors looking for cash-flowing Section 8 product. For investors seeking immediate rental income, DSCR potential, and strong gross rent performance at a reasonable price point, this duplex deserves a serious look. Please do not disturb tenants. Showings available with accepted full-list offer only.
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 12186 Roselawn Street?
12186 Roselawn Street is listed at $150,000, or $61 per square foot.
How many bedrooms does 12186 Roselawn Street have?
This property has N/A bedrooms and 2 bathrooms, with 2,450 square feet of living space.
Ask about this property
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Phone: (313) 484-4696
Email: info@sonicrealty.com
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