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Jim Blehm

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

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2398 Stair St , Detroit, MI 48209
$315,000
Est. Payment: $700.00/mo
8 Bed
4 Bath
3024 Sqft
Status: Active | Days on site: 0
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House Description

Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow — don't miss this one!

Highlights

Listed by Valbona Vulaj , 248-622-3249 Golden Key Realty Group LLC , 248-422-6962.

Property Type

Residential

Lot/Acreage
0.08

Year Built

1922

County

Wayne

School District

Detroit

Listing ID

20261063681

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Appliances:Washer, Refrigerator, Range, Microwave, Dryer
Air Cond:Central Air,Window Unit(s)
Fireplaces:
Other:
  • Additional:Basement Finished, Master on Main
Water:Public

Exterior Features

Roof:Asphalt
Others:
  • Additional:Porch(es)
Sewer:Public
Principal Interest
$700
Taxes
$435

Home Price

$315,000

Loan Details

30 yrs
%

Down Payment

20%
$63,000
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Monthly Price:
$700.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $700.00 $435.25 $0.00 $1,135.25
Yearly $8,400.00 $5,223.00 $0.00 $13,623.00
Total $252,000.00 $156,690.00 $0.00 $408,690.00

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.