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About This Home
This 4-bedroom, 2-bathroom residential multi family at 31 W BARRETT Avenue in Madison Heights, MI is listed for $275,000 ($174 per sqft). Built in 1928, the home offers 1,584 sqft of living space on a 0.10 acres lot.
Welcome to 31 Barrett, a prime upper-lower duplex offering strong cash flow and value-add upside. This property was appraised at $290,000 in December 2025 and features two separate units with tenants currently on month-to-month leases, providing flexibility for an investor to come in, make improvements, and raise rents.
The upper unit is Section 8 and rented month to month, while the lower unit offers significant value-add potential and is also month to month. Utilities are paid directly by the tenants, with water paid by the landlord and reimbursed through a bill-back system.
This is an excellent opportunity for an investor seeking a solid rental or an owner-occupant looking to house hack while enjoying nearby local conveniences. Seller is open to a mortgage takeover with a minimum of 25% down (non-negotiable). Don't miss your chance to secure a great cash-flowing duplex with upside potential
Key Features
- Built in 1928
- 0.10 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,471/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
31 W BARRETT Avenue
Madison Heights, MI 48071
SLATER PARK SUB
Property Details
Construction
Heating
Cooling
Questions & Answers
This 4-bedroom, 2-bathroom residential multi family at 31 W BARRETT Avenue is listed at $275,000 ($174/sqft). The estimated monthly payment is $1,192 based on 20% down at 6.5% interest.
Key features include: Built in 1928, 0.10 acre lot, 2 stories.
This property is listed by Evan Bassy and can be reached at (248) 649-7200 or bassysellsre@gmail.com.
