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$178,000
Est. payment /mo
2 Baths
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251060096
Year Built 1928
Annual Tax Amount $3,694
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40.00 x 108.00
Source Realcomp
Property Description
WELCOME TO 15435 STEEL STREET, LOCATED ON A 4,250 SQUARE FOOT LOT IN A QUIET, OWNER-OCCUPIED NEIGHBORHOOD. THIS IMPRESSIVE DUPLEX FEATURES TWO SPACIOUS TWO-BEDROOM UNITS. THE UPPER UNIT HAS BEEN FULLY RENOVATED WITH A BRAND-NEW KITCHEN, UPDATED FLOORING AND CARPET, A MODERNIZED BATHROOM, AND NEW LIGHTING THROUGHOUT. THE PROPERTY GENERATES $2,107 IN MONTHLY RENTAL INCOME, WITH ONE UNIT NEWLY LEASED TO A SECTION 8 TENANT AT $1,157 PER MONTH AND THE SECOND OCCUPIED BY A LONG-TERM CASH-PAYING TENANT AT $950, IN PLACE FOR OVER 10 YEARS WITH A STRONG PAYMENT HISTORY. TENANT PAY ALL UTILITIES OTHER THAN WATER BRINGING THE ROI TO 14%. NO SHOWINGS WITHOUT AN ACCEPTED FULL-PRICE OFFER.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Steal & Sheafer
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I022347S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Realtyflo Inc
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Rob Young
Broker Associate | License ID: 6506039987
Broker Associate License ID: 6506039987