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About This Home
This 3-bedroom, 3-bathroom residential multi family at 12890 Sussex Street in Detroit, MI is listed for $170,000 ($99 per sqft). Built in 1928, the home offers 1,722 sqft of living space on a 0.08 acres lot.
Great opportunity to own a 3-unit multifamily in Detroit's Schoolcraft Southfield neighborhood. Property features a 2-bedroom main-floor unit, with the upper level divided into a 1-bedroom and a studio. The 1-bedroom is currently Section 8 occupied at $1,180/month and 2-bedroom is recently tenanted through Sec 8 for $1,201/month.
Both have been fully renovated prior to be occupied. The rehabbed studio previously rented for $900/month, creating projected gross rents of approx. $3,300/month when fully leased. Includes separate gas and electric meters, improving expense control and cash flow. Strong option for investors or owner-occupants seeking income with upside in a solid rental area. Convenient access to major roads, shopping, and neighborhood amenities.
Key Features
- Built in 1928
- 0.08 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$909/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
12890 Sussex Street
Detroit, MI 48227
Strathmoor Sub 2
Features & Amenities
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 3-bedroom, 3-bathroom residential multi family at 12890 Sussex Street is listed at $170,000 ($99/sqft). The estimated monthly payment is $737 based on 20% down at 6.5% interest.
Key features include: Built in 1928, 0.08 acre lot, 2 stories. Exterior Features: Chimney Cap(s), Lighting, Fenced.
This property is listed by Brett Maciag and can be reached at (313) 884-1414 or brett@soldbybrett.net.
