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$ 190,000
Est. payment /mo
New
12890 Sussex Street Detroit, MI 48227
3 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261002902
Year Built 1928
Annual Tax Amount $1,028
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 34 x 101
Source Realcomp
Property Description
Great opportunity to own a 3-unit multifamily in Detroit's Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month. The rehabbed 2-bedroom was previously rented for $1,322/month, and the rehabbed studio previously rented for $900/month, creating projected gross rents of approx. $3,400/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction I-96 to Greenfield to Tyler to Sussex
Interior
Heating Baseboard, Forced Air
Cooling Central Air, Wall Unit(s)
Exterior
View Y/N No
Roof Type Composition
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I046089S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Sine & Monaghan LLC