38
See all 38 photos
$210,000
Est. payment /mo
2 Baths
7,405 Sqft Lot
Active
15500 Cruse Street Detroit, MI 48227
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261023241
HOA Y/N true
Year Built 1919
Annual Tax Amount $3,211
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60x122
Source Realcomp
Property Description
Fully renovated in 2024, this turnkey duplex offers immediate cash flow with significant upside in a strong rental market. The property features a highly desirable unit mix with one 4-bedroom unit and one 3-bedroom unit, catering to larger households and voucher tenants.Both units are currently occupied, generating $2,100/month ($1,100 + $1,000), providing in-place income from day one.Where this deal gets interesting is the upside. 3-bedroom units in the area are renting for approximately $1,250–$1,400/month, while 4-bedroom units are achieving $1,600–$1,700/month. This creates a clear path to increase rents to $2,900–$3,100+/month, offering a strong value-add opportunity without additional major renovations.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction Turn into street
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Aluminum Siding
Schools
School District Detroit
Others
Tax ID W22I034172S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Tarar Homes
NEARBY SCHOOL & BUSINESS