c.1928 Michigan Multi-Family Home For Sale $49K
OHU50K Notes $49,000
Built in 1928, this Michigan multi-family home for sale has two units with a2/1 unit and a 1/1 unit. The 1,519-sf home has a brick fireplace, hardwood floors, archways, updated bathroom, and formal dining room. A detached garage, and municipal water and sewer are additional details. The original Tudor Revival exterior has been “remuddled,” but the interior still has some charm.
Realtor Comments
This spacious multi-family property offers exceptional potential for portfolio growth. Located in a prime Detroit neighborhood, this well-maintained home features two distinct units that promise steady rental income. The main floor unit boasts 2 bedrooms and 1 bathroom, providing ample space for tenants. Upstairs, the 1-bedroom, 1-bathroom unit is perfect for those seeking a cozy living arrangement. With easy access to major roads, tenants can quickly reach local amenities, enhancing the property’s appeal. Don’t miss this opportunity to add a lucrative asset to your investment portfolio!
- 3 bed
- 2 bath
- Build date 1928
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
14606 Freeland St, Detroit, MI 48227 $49,000
- Contact Realtor: Jeff Glover – Keller Williams Professionals
- Google Map
- Niche
Location of This Michigan Multi-Family Home For Sale
Pros:
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Affordability: Homes in this neighborhood are relatively affordable, with median real estate prices noted at about $60,500 last month, which is lower than many other parts of Detroit. This makes it an attractive option for first-time homebuyers or those looking for investment properties.
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Community Feel: Hubbell-Lyndon offers a sparse suburban feel, which contrasts with the more densely populated urban areas of Detroit. Many families live here, contributing to a community-oriented environment.
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Proximity to Amenities: While the neighborhood itself might not have a plethora of amenities, it’s conveniently located off Grand River Avenue, providing easy access to downtown Detroit and other nearby areas with more extensive services and entertainment options.
Cons:
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Crime: Detroit as a whole has crime rates above the national average, and while specific data for Hubbell-Lyndon isn’t detailed in the sources, the general vicinity in Detroit can be associated with higher crime levels. It’s advisable to be vigilant and aware of your surroundings.
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acancy Rates: The neighborhood has a high vacancy rate, with 22.2% of housing being vacant, which can sometimes indicate a lack of community cohesion or ongoing neighborhood challenges.
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Limited Local Amenities: There isn’t much in terms of local shopping, dining, or entertainment within the immediate area of Hubbell-Lyndon, requiring residents to travel for these services. The neighborhood is more residential, focusing less on local commerce.
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Infrastructure and Development: The area might not be seeing the same level of revitalization or development as some other neighborhoods in Detroit, which could affect property values and community improvements in the future.
