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Jim Blehm

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

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19970 Stratford Rd , Detroit, MI 48221
$285,000
Est. Payment: $633.33/mo
0 Bed
2 Bath
0 Sqft
Status: Pending | Days on site: 82
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352856 - 460024
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House Description

Strong investment opportunity in the heart of Palmer Park, one of Detroit's most established and walkable neighborhoods. This duplex is already producing $2,000 a month in income, with the top unit leased at $1,500 and a separate basement bedroom rented at $500, while the lower unit sits vacant and ready for its next owner or tenant. That open unit makes the property an ideal house-hack setup, where a buyer can move into their own space and let the existing tenants help carry the mortgage from day one, or a turnkey play for an investor who simply wants to fill the vacancy at market rent and run the building as pure cash flow. With roughly 2,931 square feet of living space, a shared driveway, and a private rear parking lot that tenants consistently appreciate, the layout fits the way people actually want to live in this part of the city. Step outside and Palmer Park is right there with its hiking and biking trails, tennis courts, and 18-hole golf course, and you are just minutes from the University of Detroit Mercy, Marygrove College, Henry Ford Hospital, and the shopping and dining along Woodward Avenue and McNichols Road. Recent comparable duplex sales in the immediate area have been pricing in the mid three hundreds with 3-bedroom units leasing in the upper $1,600s, pointing to real upside on both rents and long-term value. Whether you are a seasoned investor expanding your portfolio or a first-time buyer breaking into the market the smart way, properties like this do not stay available long in Palmer Park.

Highlights

Listed by Drake O'Donnell , 313-693-0984 NATOD Management , 248-609-7108.

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1934

County

Wayne

School District

Detroit

Listing ID

20261027321

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$633
Taxes
$698

Home Price

$285,000

Loan Details

30 yrs
%

Down Payment

20%
$57,000
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Monthly Price:
$633.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $633.33 $697.92 $0.00 $1,331.25
Yearly $7,600.00 $8,375.00 $0.00 $15,975.00
Total $228,000.00 $251,250.00 $0.00 $479,250.00

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.