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About This Home

This 3-bedroom, 2-bathroom residential multi family at 14622 Faircrest Street in Detroit, MI is listed for $69,999 ($45 per sqft). Built in 1927, the home offers 1,540 sqft of living space on a 0.08 acres lot.

Agent Description

Incredible Turn-Key Investment Opportunity or House-Hacking Potential! Welcome to this income-generating multifamily property perfectly located just minutes from Downtown Detroit. This well-maintained duplex features two distinct units, providing immediate cash flow.

The spacious lower unit offers 2 bedrooms and 1 bathroom, currently renting for $800/mo. The charming upper unit features 1 bedroom and 1 bathroom, currently renting for $750/mo. Both units have substantial value-add potential, with fair market rents in the immediate area averaging $1,000-$1,200 per unit!Major capital improvements have already been

done for you, including two brand-new furnaces installed within the last two years, newer updated plumbing, and windows that are only 5 years old. Property features a low-maintenance yard with no garage to maintain. Unbeatable location with quick access to major freeways and local shopping hubs. Don't miss out on adding this Detroit gem to your portfolio!

Key Features

  • Built in 1927
  • 0.08 acre lot
  • 2 stories

Property Details

2 stories
2 full
1927

Monthly Cost Estimate

$374/mo

20% down · 6.5% · 30 years

Principal$51
Interest$303
Insurance$20

Estimates only. Actual payments may vary.

Location

14622 Faircrest Street

Detroit, MI 48205

Elite Gardens

Property Details

Construction

Shingle Siding

Heating

Forced Air

Questions & Answers

This 3-bedroom, 2-bathroom residential multi family at 14622 Faircrest Street is listed at $69,999 ($45/sqft). The estimated monthly payment is $303 based on 20% down at 6.5% interest.

Key features include: Built in 1927, 0.08 acre lot, 2 stories.

This property is listed by Dwayne Robinson and can be reached at (248) 374-7700 or Drocsellshouses@gmail.com.

DR

Dwayne Robinson

Agent at RE/MAX Dream Properties

(248) 374-7700

Listed by RE/MAX Dream Properties · View on Broker Site

MLS# 20261036812· Source: listhub· Updated 12 days ago

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14622 Faircrest Street, Detroit, MI 48205

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