7406 Oakland St Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48211 1319
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,262 sqft
Price per Sqft $129
Subdivision Mi
MLS Listing ID 60350171
Style 2 Story
Full Baths 4
Year Built 1910
Annual Tax Amount $1,917
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 122.00
Property Description
Excellent Air BnB and 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).
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Exterior Feature Aluminum,Brick,Vinyl Siding
Amenities Available Laundry Facility,Private Entry
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Aluminum,Brick,Vinyl Siding
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $340
Energy Description Natural Gas
Financing Cash,Conventional