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$ 99,000
Est. payment /mo
New
4874 HAVERHILL Street Detroit, MI 48224 3522
2 Baths
2,400 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $41
Subdivision Mi
MLS Listing ID 60388504
Full Baths 2
Year Built 1929
Annual Tax Amount $602
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 114.00
Property Sub-Type Multi-Family
Property Description
In the emerging Morningside neighborhood, adjacent to Grosse Pointe and East English Village, this historic gem offers a rare opportunity to restore and personalize a classic property while unlocking significant rental income potential. Much of the heavy lifting has already been done: The home boasts updated electrical and plumbing systems, with most of the necessary renovation supplies already on-site, allowing you to pick up right where the current work left off. Recent upgrades include a brand-new roof, gutters, lots of structural work and two new HVAC systems, ensuring the home’s durability and comfort for years to come. Designed to maximize income potential, the property includes two spacious 2-bedroom, 1-bath units, plus a potential basement studio. The upper unit, currently configured as a “penthouse,†includes a functioning kitchen and bathroom and has plans in place to finish the attic as a loft space—perfect for expanding rental income opportunities or creating a private retreat for a live-in owner. The units are bright, airy, and well-proportioned, with large bay windows flooding the space with natural light. Featuring stunning original architectural elements—including finely crafted Italian plaster columns, intricate ceiling medallions, a beautiful fireplace fresco, and soaring curved ceilings—this home provides an exceptional canvas for someone with vision and an appreciation for timeless craftsmanship. Located near the iconic Alger Theater, local parks, dining, and shopping, this property offers the perfect blend of historical charm and modern-day convenience. With thoughtful renovations, this home can become a standout property in one of Detroit’s most desirable neighborhoods—an ideal investment for both investors and homeowners looking to build equity through rental income.
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices The Loft Warehouse