12890 Sussex StreetDetroit, MI 48227

About

This Home

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.

Details

Property Type

Residential Income

Style

Multi Family

Year Built

1928

Lot Size

0.08 acres

Garage Spaces

0

Heating

Baseboard, Electric, Forced Air, Natural Gas

Cooling

Ceiling Fan(s), Central Air, Wall Unit(s)

Basement

Full, Unfinished

Annual Taxes

$1,028

MLS #

20261002902

Gallery