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Jim Blehm

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

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5217 Lakeview St , Detroit, MI 48213
$176,900
Est. Payment: $393.11/mo
0 Bed
2 Bath
0 Sqft
Status: Active | Days on site: 72
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375382 - 264210
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House Description

Attention Investors! Savvy real estate investors understand that long-term appreciation often follows major public and private investment. This recently renovated duplex is ideally situated just steps from the 200-acre Chandler Park, which is home to the 14 Million Chandler Park Fieldhouse, and near the transformative redevelopment of the 52-acre Villages at Parkside community, where Detroit Housing has partnered on a significant neighborhood revitalization project.Extensively updated both inside and out, this turnkey, low-maintenance duplex offers an outstanding opportunity to enter or expand your portfolio in one of Detroit's emerging investment corridors. With the major improvements already completed, you can avoid costly renovations and begin generating rental income immediately while positioning yourself to benefit from the area's continued growth and redevelopment. Whether you're a first-time investor or an experienced landlord, this income-producing property offers strong upside potential in a rapidly evolving market. Currently generating $2400/mo in gross income. Requires an accepted offer prior to any showings.

Highlights

Listed by Danny Peterson , 810-423-6669 EXP Realty Main , 888-501-7085.

Property Type

Multi-Family

Lot/Acreage
0.09

HOA Fee

Year Built

1928

County

Wayne

School District

Detroit

Listing ID

20261048147

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Interior Features

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

Exterior Features

Principal Interest
$393
Taxes
$169
HOA
$0

Home Price

$176,900

Loan Details

30 yrs
%

Down Payment

20%
$35,380
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Monthly Price:
$393.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $393.11 $168.92 $0.00 $562.03
Yearly $4,717.33 $2,027.00 $0.00 $6,744.33
Total $141,520.00 $60,810.00 $0.00 $202,330.00

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.