2741 MONTEREY Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240080873
Year Built 1925
Lot Size 4,356 Sqft
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), Fa�ade 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 Wayne County - 100
Zoning Multi-Family
Interior
Heating Hot Water
Exterior
Amenities Available Pets Allowed
Waterfront No
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan