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Jim Blehm

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

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14500 Strathmoor St , Detroit, MI 48227
$149,999
Est. Payment: $333.33/mo
0 Bed
4 Bath
0 Sqft
Status: Active | Days on site: 134
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House Description

PRICE REDUCED TO $149,999 + SELLER OFFERING UP TO $3,000 IN CONCESSIONS WITH AN ACCEPTABLE OFFER!TURNKEY, INCOME-PRODUCING BRICK DUPLEX ON DETROIT’S WEST SIDE!Welcome to 14500 Strathmoor, a fully occupied two-unit brick duplex situated on a desirable corner lot and generating $1,900 in combined monthly rent. At the new asking price, the property produces $22,800 in scheduled annual gross rent—an approximately 15.2% gross rental yield based on the current rent and list price.The property features separate upper and lower units, providing an attractive setup for investors seeking immediate rental income and long-term portfolio growth. The upper unit has been newly renovated with modern updates and includes a private balcony, adding functionality and tenant appeal.Solid brick construction provides strong curb appeal and potential long-term durability, while the corner location and one-car garage offer additional convenience.PROPERTY HIGHLIGHTS:• New price: $149,999• Seller offering up to $3,000 in concessions• Fully occupied two-unit duplex• Combined monthly rent: $1,900• Scheduled annual gross rent: $22,800• Approximately 15.2% gross rental yield based on current rent and list price• Separate upper and lower units• Newly renovated upper unit• Private upper balcony• Solid brick construction• Desirable corner lot• One-car garage• Immediate income-producing potential• Convenient access to major freeways, shopping, schools, and public transportationThis is an opportunity to acquire a performing multifamily asset with tenants already in place. Whether expanding an existing portfolio or purchasing a first income-producing property, 14500 Strathmoor deserves immediate consideration.Please do not approach the property or disturb the tenants. A minimum of 24–48 hours’ notice is required for all showings. Proof of funds or financing qualification may be requested before confirmation. Buyer and buyer’s agent to verify rental information, lease terms, expenses, property condition, and all financial

Highlights

Listed by Adrienne Ponce , 586-339-4870 EXP Realty Main , 888-501-7085.

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1929

County

Wayne

School District

Detroit

Listing ID

20261021577

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:

Exterior Features

Principal Interest
$333
Taxes
$319

Home Price

$149,999

Loan Details

30 yrs
%

Down Payment

20%
$30,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $333.33 $319.17 $0.00 $652.50
Yearly $3,999.97 $3,830.00 $0.00 $7,829.97
Total $119,999.20 $114,900.00 $0.00 $234,899.20

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.