For Sale
$60,000

7069 Elmhurst St Detroit, MI 48204

Two-unit rental, great ROI, $60k

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional multifamily investment property, located at 7069 Elmhurst St, Detroit, MI 48204, presents a compelling opportunity for savvy investors. Built in 1926, this two-unit, two-story building offers a solid foundation for generating rental income. Each unit is priced at $30,000, representing an affordable entry point into the Detroit real estate market. Situated in a desirable Detroit suburb, the property benefits from convenient access to city amenities while providing tenants with the appeal of suburban living. The property's strong income-producing potential makes it an ideal addition to any investment portfolio. The asking price of $60,000 offers significant value and potential for appreciation. Please note that this sale is subject to land bank terms. The property's parcel number is 16005723. All information should be independently verified by the buyer. Buyers are responsible for obtaining any necessary city certifications. The seller will utilize their preferred title company for both buyer and seller sides.

Highlights

  • Excellent suburban Detroit location, offering convenient city access.
  • Multifamily property with strong rental income potential.
  • Attractively priced for significant value and appreciation.
  • Offered subject to Land Bank terms, including potential incentives.

Property Details for 7069 Elmhurst St

Property type
Residential income homes
Year Built
1926
Stories
2
Units
2

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3758723
Longitude
-83.1413699

FAQs

What type of property is this?
Residential income home - Two-unit rental, great ROI, $60k
Where is the residential income home located?
The property is located at 7069 Elmhurst 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: Excellent suburban Detroit location, offering convenient city access.; Multifamily property with strong rental income potential.; 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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7069 Elmhurst St
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