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$ 269,900
Est. payment /mo
Price Dropped by $5K
15478 Northlawn Street Detroit, MI 48238 1152
2 Baths
1,580 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,580 sqft
Price per Sqft $170
Subdivision Mi
MLS Listing ID 60944742
Style 2 Story
Full Baths 2
Year Built 1929
Annual Tax Amount $9,142
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30X108
Property Sub-Type Multi-Family
Property Description
ATTENTION!! Home owners and Investors! An exceptional cash-flow opportunity awaits with this fully remodeled multi-family property, complete with a SEPARATE 1-bedroom, 1-bathroom BONUS home - ideal for short-term rentals or additional passive income. Strategically located near Downtown Detroit, Wayne State University, and the University of Detroit Mercy, this property offers strong rental demand and multiple income streams in one impressive package. The main residence features two updated units with modern finishes and high-quality renovations throughout. The lower unit is currently occupied by a tenant on a month-to-month lease who's eager to stay long term, providing immediate and stable cash flow for investors. The upper unit is turnkey and ready for lease or owner-occupancy. The separate rear home is a standout ASSET - a fully functional 1-bedroom, 1-bathroom house with a spacious living room, full kitchen and bath. This detached dwelling opens the door for Airbnb, VRBO, corporate leasing, or traditional rentals, giving investors the flexibility to maximize returns through diversified income options. Situated on a large fenced parcel with an additional adjacent lot, this property offers expanded outdoor space for tenants, potential value-add enhancements, or future development possibilities. This is a RARE opportunity to acquire a high-performing, low-maintenance asset in one of Detroit's most desirable investment corridors. Perfect for both experienced investors seeking reliable returns, new investors looking for a solid entry into the market, or that saavy home owner looking for the perfect house hacking scenario! Schedule your showing today and make this the perfect acquisition to cap off the year! Please do not disturb the occupant. Showings will be for the upstairs unit and rear property ONLY. Access to the occupied unit will be granted during time of inspection after an accepted offer. Thank you for your consideration. Photos taken prior to tenant.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water at Street
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Metro