540-542 HOLBROOK Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48202
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240085991
Year Built 1915
Annual Tax Amount $1,169
Lot Size 3,484 Sqft
Property Description
Welcome to 540-542 Holbrook Ave, a beautifully updated duplex in a prime Michigan Opportunity Zone, offering exceptional tax advantages and long-term growth potential! Perfect for investors or owner-occupants, each unit features 2 spacious bedrooms, 1 bathroom, and gorgeous hardwood flooring throughout.Recent updates include a new roof, modern plumbing, gutters, and electrical systems, ensuring worry-free ownership. Both units have been freshly painted, creating a bright and inviting atmosphere. The upstairs unit boasts a fully renovated kitchen with new cabinets, luxury vinyl flooring, countertops, and doors, along with an updated bathroom featuring a new tub, flooring, sink, and vanity.Additional highlights include a 2-car garage and a sizable adjacent lot, offering outdoor space for recreation, gardening, or potential development.Currently rented on month-to-month leases at $1,000 per unit, with area rental comps averaging $1,200 per unit, this property offers substantial cash flow potential.Don?t miss this rare opportunity to own a move-in-ready duplex with incredible tax advantages?schedule your showing today!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Interior
Heating Forced Air
Cooling Window Unit(s)
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
Listing Terms Cash,Conventional,FHA