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Jim Blehm

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

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3273 Cortland St , Detroit, MI 48206
$260,000
Est. Payment: $1,338.87/mo
0 Bed
2 Bath
0 Sqft
Status: active | Days on site: 83
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

Turnkey, fully renovated cash-flowing duplex generating $3,000/month ($36,000 annually) in gross rental income. Offered at $255,000, this investment achieves a 1.18% rent-to-price ratio and an attractive 14.1% gross yield. Nearly every aspect of the property has been updated, including a new roof, windows, luxury vinyl plank flooring, fresh interior and exterior paint, kitchens, bathrooms, plumbing, electrical, and mechanicals—making this a truly turnkey investment. Both units feature spacious layouts with 3 bedrooms and 1 bathroom, filled with natural light, high ceilings, and charming architectural character. Updated kitchens and modern tiled bathrooms provide stylish, move-in ready living. Exterior improvements include new front and rear decks, a newly built 2-car garage, and a fully fenced backyard. Current lease provides immediate cash flow and making this an ideal setup for investors or buyers looking to offset their mortgage. Separate gas and electric meters simplify tenant management. Located on a quiet, well-maintained street near downtown, major hospitals, schools, and amenities, with continued neighborhood reinvestment and strong rental demand supporting long-term value. All major updates have been completed, resulting in zero immediate CapEx needs and allowing an investor to step into day-one cash flow.

Highlights

Listed by Christina Gennari , 248-550-4788 KW Domain , 248-590-0800. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.1

HOA Fee

Year Built

1924

County

Wayne

School District

Detroit

Listing ID

20261032538

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Interior Features

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

Exterior Features

Principal Interest
$1,339
Taxes
$272
HOA
$0

Home Price

$260,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$52,000
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Monthly Price:
$1,338.87

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,338.87 $271.75 $0.00 $1,610.62
Yearly $16,066.42 $3,261.00 $0.00 $19,327.42
Total $481,992.68 $97,830.00 $0.00 $579,822.68
Lender profile image
Brian Belinger
Loan Originator
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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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC