Great Investment Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this versatile multi-unit property offers strong income potential in a rapidly appreciating area. Perfect for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental income. The lower unit is owner occupied and could command approximately $1,700 per month in rent, while the upper unit is currently leased through October 1, 2026, and rents for approximately $800 per month. Separate living spaces provide flexibility to rent both units or live in one and lease the other. Features include a spacious lot, detached two-car garage, basement storage, and a highly desirable location near waterfront parks, dining, and downtown Detroit amenities. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this property is packed with potential.
Listed By
Agency Name: Vie Real Estate
Agency Phone: (248) 600-4669
Shown By
Agency Title: Griffith Realty
Agency Phone: 810-227-1016
Estimated Payment
$ 603.88 per month $533.91 Principal & Interest $0.00 Property Tax (data not provided by mls) $69.97 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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648 Alter Road | MLS# 20261045961
This multi-family property located at 648 Alter Road , Detroit, MI 48215 is currently listed for sale with an asking price of $239,900. Alter Road is located within the Detroit school district. Search Detroit real estate on www.griffithrealty.com today.