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$ 141,500
Est. payment /mo
Active
18657 Binder Street Detroit, MI 48234 1978
2 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $94
Subdivision Mi
MLS Listing ID 61038763
Style 2 Story
Full Baths 2
Year Built 1925
Annual Tax Amount $1,055
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30X133
Property Sub-Type Multi-Family
Property Description
Look no further than this beautiful 2 unit established rental income Duplex, and an opportunity to expand your investment portfolio. Offered at $141,500, this fully occupied duplex in Hamtramck, currently generates $1,800 in combined monthly rent--$21,600 annually--with an approximate 15.3% gross rental yield before expenses. Each unit features two bedrooms, one full bathroom, a kitchen, living room, and dining room, offering functional layouts across approximately 1,500 square feet. Renovated in 2017, the property includes a covered front porch, enclosed backyard, and an unfinished basement with laundry space. Convenient access to parks, shopping, and major freeways adds to its rental appeal. Tenant occupied; showings require at least 48 hours' advance notice. Buyer and buyer's agent to verify all property information, rental income, and expenses.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Poured
Interior
Heating Other-See Remarks
Cooling Ceiling Fan(s), Other
Fireplace No
Exterior
Exterior Feature Aluminum
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Aluminum
Schools
School District Detroit City School District
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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