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$ 199,900
Est. payment /mo
New
5061 Hillsboro Street Detroit, MI 48204
2 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261003938
HOA Y/N true
Year Built 1924
Annual Tax Amount $2,959
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X120
Source Realcomp
Property Description
Income-Producing Brick Duplex | Section 8 | TurnkeySolid brick duplex featuring two spacious 3-bedroom, 1-bath units, one on each level. Each unit includes its own private basement with separate laundry, offering convenience and strong tenant appeal.Both units are currently rented, generating a combined monthly income of $2,800. One unit is occupied by a Section 8 tenant, providing stable, government-backed income, while the second unit is leased to a standard cash tenant, creating a balanced and diversified rental stream.This is a true turnkey asset with extensive 2024–2025 upgrades, keeping CAPEX reserves in your pocket, not in the property. Nearly everything a new owner would typically worry about has already been addressed:-Updated kitchens in both units (2025)-Updated bathrooms in both units (2025)-New windows in the lower unit (2025)-Fresh paint throughout the entire building (2025)-New water lines (2024)-New electrical lines (2024)Separate utilities, functional layout, and strong rental history make this an ideal opportunity for investors seeking immediate cash flow. Also well-suited for owner-occupants looking to offset or potentially eliminate their mortgage with rental income.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Turn into street
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I003840S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Tarar Homes