540-542 HOLBROOK Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48202 1807
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,112 sqft
Price per Sqft $118
Subdivision Mi
MLS Listing ID 60355620
Style 2 Story
Full Baths 2
Year Built 1915
Annual Tax Amount $1,169
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 113.00
Property Description
Welcome to 540-542 Holbrook Ave, a beautifully updated duplex in a prime Michigan Opportunity Zone, offering exceptional tax advantages and long-term growth potential! Perfect for investors or owner-occupants, each unit features 2 spacious bedrooms, 1 bathroom, and gorgeous hardwood flooring throughout. Recent updates include a new roof, modern plumbing, gutters, and electrical systems, ensuring worry-free ownership. Both units have been freshly painted, creating a bright and inviting atmosphere. The upstairs unit boasts a fully renovated kitchen with new cabinets, luxury vinyl flooring, countertops, and doors, along with an updated bathroom featuring a new tub, flooring, sink, and vanity. Additional highlights include a 2-car garage and a sizable adjacent lot, offering outdoor space for recreation, gardening, or potential development. Currently rented on month-to-month leases at $1,000 per unit, with area rental comps averaging $1,200 per unit, this property offers substantial cash flow potential. Don’t miss this rare opportunity to own a move-in-ready duplex with incredible tax advantages—schedule your showing today!
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block
Interior
Interior Features DSL Available
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $340
Energy Description Natural Gas
Financing Cash,Conventional,FHA