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About This Home
This 4-bedroom, 3-bathroom residential multi family at 309 Melbourne in Detroit, MI is listed for $249,000 ($132 per sqft). Built in 1915, the home offers 1,884 sqft of living space on a 0.11 acres lot.
Turnkey three-unit multi family investment opportunity in Detroit. Two of the three units are currently tenant-occupied while the third floor lease recently lapsed March 1st. Property features newer finishes throughout, minimizing up front capital expenditures.
Ideally located just minutes from Woodward Avenue, Wayne State University and Little Caesars Arena, with convenient access to downtown amenities, dining and entertainment. Strong rental demand area makes this a sold cash-flow addition to any investors portfolio with long-term upside.
Key Features
- Built in 1915
- 0.11 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,332/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
309 Melbourne
Detroit, MI 48202
Mc Laughlin Bros Sub Of Lt 8
Features & Amenities
Exterior Features
Property Details
Construction
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 3-bathroom residential multi family at 309 Melbourne is listed at $249,000 ($132/sqft). The estimated monthly payment is $1,079 based on 20% down at 6.5% interest.
Key features include: Built in 1915, 0.11 acre lot, 2 stories. Exterior Features: Laundry Facility, Fenced Yard, Porch.
This property is listed by Matthew Jankowski and can be reached at 3139953587 or matt@lucidorealestate.com.
