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$45,000
3 Beds 1 Baths 20261061389 MLS ACTIVE Status
This 3-bedroom brick property presents a compelling opportunity for the investor or owner-occupant looking to add value and build equity. With its solid construction, generous lot size, and strong bones, the home offers the kind of upside that serious buyers recognize quickly. After rehab, projected rental income is estimated at approximately $1,200/month — making this an attractive addition to any buy-and-hold portfolio. The large footprint gives you flexibility: whether you're envisioning updated interiors, added curb appeal, or a complete repositioning, the canvas is here. The property does require work, and the price reflects that. This is an opportunity for the right buyer to come in, execute a vision, and walk away with a performing asset at well below market-rate acquisition cost. Key Highlights: 3 bedrooms | Brick construction Large property with strong rental potential Projected rent ~$1,200/month post-rehab Priced to move — motivated seller Showing Requirements: Proof of funds required prior to scheduling a showing. Documentation must be dated within the last 30 days. Serious inquiries only.

11149 Northlawn St, Detroit

Courtesy of Utica Realty LLC 2487297777

$150,000
2 Baths 20261046553 MLS ACTIVE Status
Here's a rare investor opportunity - a fully updated duplex with both units occupied by Section 8 tenants backed by the government. This Detroit duplex features two 2-bedroom, 1-bath units, both currently rented through Section 8 at $1,150/month and $950/month, for a total monthly rent roll of $2,100/month and $25,200/year in gross scheduled income. The property has been recently refreshed, helping reduce near-term maintenance concerns and support tenant retention. Updates include brand-new vinyl windows, fresh paint throughout, new plush carpeting, updated kitchen cabinets and countertops, and new furnaces for improved efficiency and reliability. From a buy-and-hold perspective, this asset checks several important boxes: two occupied units, Section 8 rental income, separate income streams, updated interiors, and major mechanical improvements already completed. The duplex setup also helps reduce reliance on a single tenant, while the 2-bedroom unit mix remains practical and rentable in Detroit’s investor market. Priced at $170,000, the property offers an attractive 14.8% gross rent-to-price return and a 1.24% monthly rent-to-price ratio. For DSCR buyers, the current rent roll creates strong debt coverage potential. Based on a typical 75% LTV scenario, the estimated loan amount would be approximately $127,500, giving investors a solid income base to work with. Final DSCR will depend on lender rate, taxes, insurance, and underwriting, but the rental income is compelling for investors looking for cash-flowing Section 8 product. For investors seeking immediate rental income, DSCR potential, and strong gross rent performance at a reasonable price point, this duplex deserves a serious look. Please do not disturb tenants. Showings available with accepted full-list offer only.

12186 Roselawn St, Detroit

Courtesy of Keller Williams First 8105151503