BEDS6
BATHS3 full 1 partial
SQUARE FEET1,848
MLS#20261009550
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONDendels Sub
SCHOOLDetroit
Property 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.
Property Features
Property Type: Residential - Single Family
Basement: Finished
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.07 Acres
Year Built: 1924
Feature Descriptions
Architecture: Colonial
Days on Site: 16
Exterior: Vinyl
Foundation: Basement
Frontage Feet: 20
Garage/Parking: Alley Access, Covered, Drive Through
Lot Dimensions: 0.07 Acre(s)
Lower Level Finished Sqft: 1056
Parking Notes: Alley Access, Covered, Drive Through
Road Frontage: Paved
Summer Tax: $1633.0000
Winter Tax: $1633.0000
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: R2M Realty
Agency Phone: (248) 688-7838
Shown By
Agency Title: Griffith Realty
Agency Phone: 810-227-1016
Estimate Your Payment
Estimated Payment
$ 500.93 per month $442.89 Principal & Interest $0.00 Property Tax (data not provided by mls) $58.04 Homeowner's Insurance
5827 Lumley Street | MLS# 20261009550
This single family home located at 5827 Lumley Street, Detroit, MI 48210 is currently listed for sale with an asking price of $199,000. This property was built in 1924 and has 6 bedrooms and 3 full and 1 partial baths with 1848 sq. ft. Lumley Street is located in the Dendels Sub subdivision within the Detroit school district. Search Dendels Sub real estate on www.griffithrealty.com today.