14622 Faircrest St, Detroit, MI 48205

$69,999
2
BA
1,540
SqFt

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List Price
$69,999
MLS#
20261036812
Status
ACTIVE
Bathrooms
2
Subdivision
ELITE GARDENS

Property Description

Incredible Turn-Key Investment Opportunity or House-Hacking Potential! Welcome to this income-generating multifamily property perfectly located just minutes from Downtown Detroit. This well-maintained duplex features two distinct units, providing immediate cash flow. The spacious lower unit offers 2 bedrooms and 1 bathroom, currently renting for $800/mo. The charming upper unit features 1 bedroom and 1 bathroom, currently renting for $750/mo. Both units have substantial value-add potential, with fair market rents in the immediate area averaging $1,000–$1,200 per unit!Major capital improvements have already been done for you, including two brand-new furnaces installed within the last two years, newer updated plumbing, and windows that are only 5 years old. Property features a low-maintenance yard with no garage to maintain. Unbeatable location with quick access to major freeways and local shopping hubs. Don't miss out on adding this Detroit gem to your portfolio!

Additional Information

Year Built
1927
Basement Type
Unfinished
Acres
0.08
Style
Duplex
Acres
0.08
School District
Detroit
Heating
Forced Air, Natural Gas

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Courtesy of RE/MAX Dream Properties 7344623600