MI > Detroit > Mi
Detroit, MI 48206 1171,2741 MONTEREY Street
Detroit, MI 48206 1171,2741 MONTEREY Street
Detroit, MI 48206 1171,2741 MONTEREY Street
Detroit, MI 48206 1171,2741 MONTEREY Street
Detroit, MI 48206 1171,2741 MONTEREY Street
Detroit, MI 48206 1171,2741 MONTEREY Street
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Jeff Rising

Jeff Rising

+1(517) 605-1286
$ 300,000
Est. payment | /mo

2 Baths

2,700 SqFt

Save
$ 300,000
Est. payment | /mo
Save

2 Baths

2,700 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $111

Subdivision Mi

MLS Listing ID 60350156

Style 2 Story

Full Baths 2

Year Built 1925

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35.00 x 121.00

Property Description

Investor’s Dream in Detroit’s Thriving Community! Located in a desirable area south of Davison and west of Linwood, this spacious 2-family brick flat at 2741 Monterey Street is a unique investment opportunity you won’t want to miss. Each unit offers generous living space and versatile layouts, perfect for rental income or multi-generational living. Each unit are very large and spacious totaling 1525 sq ft each with 3 bedrooms and 1 bath. The basement is divided for tenant privacy. You can rent each one with a section 8 tenant for $1600 a month for a total of $3200 a month incoming stream. That's a total of $38,400 a year. The first-floor unit features a bright living room (16x13), a formal dining room (13x12), a kitchen with an adjoining breakfast nook (10x4), and three spacious bedrooms (13x9, 11x10, 12x10). Upstairs, the second unit mirrors this layout with a slightly larger living room (18x12), providing ample room for comfort and flexibility. Set on a 35x120 lot, this property boasts a solid brick exterior with classic Detroit architectural charm. This property is one block away from Dexter where major developments are in motion like the Dexter Streetscape, Dexter Elmhurst Community Center (n.k.a., Helen Moore Community Center) renovation and new Park, Park & Open Space Improvements (Since 2021 to Date- Zussman, Russell Woods, Nardin Park, Dexter Tree Planting), Façade Improvement Projects, Dexter Mural Program and the Dexter Pop Up. Ask for the PDF doc of DEXTER AVE INVESTMENTS. Located near major roads, local schools, and minutes from the city’s key attractions, 2741 Monterey Street is a promising investment for any investor looking to capitalize on Detroit’s growing rental market. "This property has cameras inside and outside the premises"

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement Finished

Interior

Heating Hot Water

Fireplace No

Exterior

Exterior Feature Brick

Waterfront No

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty LLC
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(517) 605-1286

jeff@therisingteam.com

105 E Maumee St, Adrian, MI, 49221, USA

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2741 MONTEREY Street