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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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13660 Ohio St , Detroit, MI 48238
$675,000
Est. Payment: $1,500.00/mo
0 Bed
0 Bath
5832 Sqft
Status: Active | Days on site: 134
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409720 - 302927
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House Description

Current seller has owned and managed property for last 20 years. Turnkey 8-unit investment opportunity in Detroit’s desirable Davison–Schoolcraft neighborhood! This well-maintained multifamily property features 100% occupancy with all units updated and leased. Each of the eight units offers 2 bedrooms and 1 full bathroom, currently generating $1,000 per month per unit, providing strong and consistent cash flow from day one.Ideally located just off Interstate 96 for easy access throughout Metro Detroit, and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals. This location supports stable tenant demand and long-term growth potential.Whether you're expanding your portfolio or securing your first multifamily asset, this is a fully occupied, income-producing property with minimal upfront work needed. Sq.Ft source is Realist. Each unit has it's own furnace. Tenants pay electrical and gas. Landlord pays water. Buyer and BA to verify all info. Some of the mls information is based on another address as theirs was no PRD for subject address.

Highlights

Listed by James T Silver , 248-417-9617 Keller Williams Somerset , 248-649-7200.

Property Type

Commercial Sale

Lot/Acreage
0.28

Year Built

1927

County

Wayne

School District

Detroit

Listing ID

20261023435

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Basement
Water:Public

Exterior Features

Principal Interest
$1,500
Taxes
$1,578

Home Price

$675,000

Loan Details

30 yrs
%

Down Payment

20%
$135,000
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Monthly Price:
$1,500.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,500.00 $1,577.67 $0.00 $3,077.67
Yearly $18,000.00 $18,932.00 $0.00 $36,932.00
Total $540,000.00 $567,960.00 $0.00 $1,107,960.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.