7406 OAKLAND Street Detroit, MI 48211
4 bed / 4 bath / 2,262 Sq. Ft. / 3,485 Sq. Ft., 0.08 acres lot size / Fourplex, Multi-Family
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Excellent Air BnB and cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent. PLEASE NOTE this property has some structural repairs and the property has been priced accordingly. Inspection reports and quotes available upon request.
property details
Type
Fourplex, Multi-Family
Status
Active
County
Wayne
Year Built
1910
Beds
4
Full Baths
4
Sq. Ft.
2,262
Lot Size
3,485 Sq. Ft., 0.1 acres
Listing Id
20240036514
Courtesy Of
Jan Dijkers - Berkshire Hathaway HomeServices The Loft Warehouse +1 (313) 319-1370
List Office Phone
+1 (313) 658-6400
Subdivision
STANDISHS (PLATS)
Interior Features
Living Area Units
Sq. Ft.
Full Baths
4
Bathrooms Total
4
Utility & Building Info
Parcel Number
W05I004669S
Cooling
Ceiling Fan(s)
Heating
Other
Forced Air
Forced Air
Tax Amount
1917
Building Area Total
2,262 Sq. Ft.
Price Per Sq Ft
$132
Architectural Style
Other
Price History
| date | event | price | source |
|---|---|---|---|
|
05/30/2024
05/30/2024
|
Active |
$299,000
|
Real Comp |
View More
Market Trends
Source: Constellation1
Mortgage Calculator
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