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Jim Blehm

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

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5827 Lumley St , Detroit, MI 48210
$199,000
Est. Payment: $1,024.75/mo
6 Bed
4 Bath
2904 Sqft
Status: active | Days on site: 88
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

Excellent investment opportunity in the heart of Detroit. This well-maintained 3-unit multifamily property is a strong cash-producing asset with immediate income in place.Two of the three units are currently rented, generating a combined $2,250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1,000 per month. All units have been well cared for, and the property has a solid rental history.Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance.Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity.Do not miss this income-generating multifamily property.

Highlights

Listed by Md Ashraf Karim , 347-279-6245 R2M Realty , 248-688-7838. MichRIC

Property Type

Residential

Lot/Acreage
0.07

Year Built

1924

County

Wayne

School District

Detroit

Listing ID

20261009550

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Other:Basement Finished,Master on Main
Other:Public

Exterior Features

Sewer:Public
Principal Interest
$1,025
Taxes
$272

Home Price

$199,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$39,800
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:
$1,024.75

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,024.75 $272.17 $0.00 $1,296.92
Yearly $12,296.99 $3,266.00 $0.00 $15,562.99
Total $368,909.78 $97,980.00 $0.00 $466,889.78
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