12890 Sussex St, Detroit, MI 48227
- $170,000
- 3
- BA
- 1,722
- SqFt
- List Price
- $170,000
- MLS#
- 20261002902
- Status
- ACTIVE UNDER CONTRACT
- Bathrooms
- 3
- Subdivision
- STRATHMOOR SUB 2
Property Description
Great opportunity to own a 3-unit multifamily in Detroit’s Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month and 2-bedroom is recently tenanted through Sec 8 for $1,201/month. Both have been fully renovated prior to be occupied. The rehabbed studio previously rented for $900/month, creating projected gross rents of approx. $3,300/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities.
Additional Information
- Year Built
- 1928
- Basement Type
- Full, Unfinished
- Acres
- 0.08
- Style
- Colonial, Craftsman
- Acres
- 0.08
- School District
- Detroit
- Cooling
- Ceiling Fan(s), Central Air, Wall Units
- Heating
- Baseboard, Electric, Forced Air, Natural Gas
- Exterior Features
- Chimney Cap(s), Lighting
- Garage Description
- On Street, Shared Driveway, Unassigned
Mortgage Calculator
Courtesy of Sine & Monaghan LLC 3138847000
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