$150,000
Square Ft.
2,600
16188 Lawton Street, Detroit, MI 48221
Spacious brick duplex featuring two large units, each offering 3 bedrooms. Just outside the bagley neighborhood in the very desirable Martin Park. Most major updates have already been completed--just bring your finishing touches with new flooring to make it shine. A solid investment or owner-occupant opportunity with strong potential! Very little rehab needed. With an ARV above 230k and each unit should rent out for $1,300 a month totalling $2,600. Cash on Cash return is through the roof!! RECENT APPRAISAL CAME IN AT $240k
Listing information is provided in part through IDX via MiRealSource and is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Listing is courtesy of DOBI Real Estate, 248-385-3350, the brokerage and MiRealSource Shareholder that originated the listing.
Listing Snapshot
Days Online
206
Last Updated
Property Type
Multi-Family
Square Ft.
2,600
Lot Size
0.09 Acres
MLS Number
60981314
Property Location Map
Additional Details
Property Access
Paved Street
Basement
Block
Building
2,600 square feet, 2 total units, Built in 1928, Style: 2 Story, Colonial
Exterior Features
Brick
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $32,400
Lot
Lot size: 34X117, 0.09 acres
Property
Multi-Family
Taxes
Total amount: $5,047
Unit Five
Bedroom 2 width: 34

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(Source: Home Junction)

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