54
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$239,900
Est. payment /mo
2 Baths
6,969 Sqft Lot
New
648 Alter Road Detroit, MI 48215
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261045961
HOA Y/N true
Year Built 1959
Annual Tax Amount $125
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50X135
Source Realcomp
Property Description
Great Investment Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this versatile multi-unit property offers strong income potential in a rapidly appreciating area. Perfect for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental income. The lower unit is owner occupied and could command approximately $1,700 per month in rent, while the upper unit is currently leased through October 1, 2026, and rents for approximately $800 per month. Separate living spaces provide flexibility to rent both units or live in one and lease the other. Features include a spacious lot, detached two-car garage, basement storage, and a highly desirable location near waterfront parks, dining, and downtown Detroit amenities. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this property is packed with potential.
Location
State MI
County Wayne
Zoning Residential
Direction South Of Jefferson & East Of Conner
Interior
Heating Forced Air
Cooling Central Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick,Vinyl Siding
Schools
School District Detroit
Others
Tax ID W21I062674S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Vie Real Estate
NEARBY SCHOOL & BUSINESS