**AMAZING 12% Cap Rate**HIGH ROI**CORNER LOT OPPORTUNITY**TURNKEY INVESTOR GEM located in a prime Detroit location. This ranch-style duplex is a cash flow powerhouse, rented at $800 and $900 per unit, generating a total of $1,700/month. It is priced to sell and offers incredible potential for investors seeking high returns. Start making money from day one!
Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don’t want to miss.
This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.
Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don’t want to miss.
This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.
Property Details
Price:
$114,000
MLS #:
20240091996
Status:
Active
Beds:
4
Baths:
2
Address:
5500 CHALMERS ST
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
SEFTON PARK SUB
Neighborhood:
05055 – Det Con-Mors/Grat. Hstn/7 Mack
City:
Detroit
Listed Date:
Dec 19, 2024
State:
MI
Finished Sq Ft:
1,904
ZIP:
48213
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1951
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
Schools
School District:
Detroit
Interior
Bathrooms
2 Full Bathrooms
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Ranch
Construction Materials
Brick
Parking Features
Detached, No Garage
Financial
Taxes
$2,069
Map
Community
- Address5500 CHALMERS ST Detroit MI
- SubdivisionSEFTON PARK SUB
- CityDetroit
- CountyWayne
- Zip Code48213
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