540-542 Holbrook St, Detroit, MI 48202
- $255,000
- 2
- BA
- 2,112
- SqFt
- Sold Price
- $255,000
- List Price
- $250,000
- Closing Date
- Dec 30, 2024
- MLS#
- 20240085991
- Status
- CLOSED
- Bathrooms
- 2
- Subdivision
- HOWLANDS
Property Description
Welcome to 540-542 Holbrook Ave, a beautifully updated duplex in a prime Michigan Opportunity Zone, offering exceptional tax advantages and long-term growth potential! Perfect for investors or owner-occupants, each unit features 2 spacious bedrooms, 1 bathroom, and gorgeous hardwood flooring throughout. Recent updates include a new roof, modern plumbing, gutters, and electrical systems, ensuring worry-free ownership. Both units have been freshly painted, creating a bright and inviting atmosphere. The upstairs unit boasts a fully renovated kitchen with new cabinets, luxury vinyl flooring, countertops, and doors, along with an updated bathroom featuring a new tub, flooring, sink, and vanity. Additional highlights include a 2-car garage and a sizable adjacent lot, offering outdoor space for recreation, gardening, or potential development. Currently rented on month-to-month leases at $1,000 per unit, with area rental comps averaging $1,200 per unit, this property offers substantial cash flow potential. Don’t miss this rare opportunity to own a move-in-ready duplex with incredible tax advantages—schedule your showing today!
Additional Information
- Year Built
- 1915
- Basement Type
- Full, Unfinished
- Acres
- 0.08
- Style
- Colonial
- Acres
- 0.08
- School District
- Detroit
- Interior Features
- High Speed Internet, Programmable Thermostat
- Cooling
- Window/Wall
- Heating
- Forced Air, Natural Gas
- Exterior Features
- Balcony
- Garage Description
- Garage
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Courtesy of Max Broock, REALTORS®-Birmingham 2486446700
Selling Office: Maxim Properties LLC.
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