For Sale
$60,000

2302 Grand St Detroit, MI 48238

Two-unit rental, high ROI potential.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a two-unit multifamily property located in Detroit, Michigan, at 2302 W Grand St, 48238. Built in 1925, this two-story building boasts a total of 3,828 square feet, offering ample space for tenants. Each unit is priced at $30,000, with an overall asking price of $60,000, resulting in a price per square foot of $15.67. The property is corporately owned and presents a strong potential for rental income, making it an attractive addition to any investment portfolio. Situated in a desirable Detroit suburb, this property benefits from convenient access to city amenities while offering the appeal of suburban living. The property's location provides a strong foundation for attracting and retaining tenants. The property is subject to land bank terms, which may offer additional investment incentives. All potential buyers are responsible for verifying all information and obtaining necessary city certifications where applicable. The seller will utilize their preferred title company for both buyer and seller sides.

Highlights

  • Prime suburban Detroit location, offering easy city access.
  • Strong rental income potential, ideal investment property.
  • Attractively priced for significant value and appreciation.
  • Available through land bank program, with potential incentives.

Property Details for 2302 Grand St

Property type
Residential income homes
Square Feet
3,828 SF
Year Built
1925
Stories
2
Units
2

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3960291
Longitude
-83.1186343

FAQs

What type of property is this?
Residential income home - Two-unit rental, high ROI potential.
Where is the residential income home located?
The property is located at 2302 Grand St Detroit, MI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Prime suburban Detroit location, offering easy city access.; Strong rental income potential, ideal investment property.; Attractively priced for significant value and appreciation.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2302 Grand St
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