5827 Lumley Street, Detroit, MI 48210

$199,000
6
BD
4
BA
2,904
SqFt

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List Price
$199,000
Days on Market
167
MLS#
20261009550
Status
ACTIVE
Type
Single Family Residential
Bedrooms
6
Bathrooms
4
Full-baths
3
Half-baths
1
Living Area
2,904

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.

Additional Information

Taxes
$3,266
Acres
0.07
Heating
Forced Air
School District
Detroit
Sewer
Public Sewer
Stories
3
Style
Colonial
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Md Ashraf Karim from Listing Office: R2M Realty.

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