5500 CHALMERS Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48213
Key Details
Property Type Single Family Home
Sub Type Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 1,904 sqft
Price per Sqft $65
Subdivision Sefton Park Sub
MLS Listing ID 20240091996
Style Ranch
Bedrooms 4
Full Baths 2
HOA Y/N no
Originating Board Realcomp II Ltd
Year Built 1951
Annual Tax Amount $2,069
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 40.00 x 150.00
Property Description
**AMAZING 12% Cap Rate**HIGH ROI**CORNER LOT OPPORTUNITY**TURNKEY INVESTOR GEM located in a prime Detroit location. This ranch-style duplex is a cash flow powerhouse, rented at $800 and $900 per unit, generating a total of $1,700/month. It is priced to sell and offers incredible potential for investors seeking high returns. Start making money from day one!
Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don't want to miss.
This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Direction S of 94 fwy
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Parking Features Detached
Garage Description No Garage
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Ranch
Warranty No
Level or Stories 1 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I055433S
Ownership Short Sale - No,Private Owned
Assessment Amount $350
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional