7406 Oakland St, Detroit, MI 48211
- $270,000
- 4
- BA
- 2,262
- SqFt
- Sold Price
- $270,000
- List Price
- $278,000
- Closing Date
- Mar 24, 2025
- MLS#
- 20240093621
- Status
- CLOSED
- Bathrooms
- 4
- Subdivision
- STANDISHS (PLATS)
Property Description
Excellent cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent. PLEASE NOTE this property has some structural repairs and the property has been priced accordingly. Inspection reports and quotes available upon request. Property is rental certified with the City of Detroit (certificate of compliance).
Additional Information
- Year Built
- 1910
- Basement Type
- Unfinished
- Acres
- 0.08
- Style
- Quadruplex
- Acres
- 0.08
- School District
- Detroit
- Cooling
- Ceiling Fan(s)
- Heating
- Forced Air, Natural Gas
- Exterior Features
- Lighting, Private Entrance
- Garage Description
- On Street
Mortgage Calculator
Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse 3136586400
Selling Office: Coldwell Banker Professionals-GPF.
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