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About This Home
This 6-bedroom, 2-bathroom residential multi family at 5044 Fairview Street in Detroit, MI is listed for $199,000 ($92 per sqft). Built in 1924, the home offers 2,160 sqft of living space on a 0.07 acres lot.
WELCOME TO 5044 FAIRVIEW ST, A FULLY RENOVATED DUPLEX OFFERING A TURNKEY INVESTMENT OPPORTUNITY IN DETROIT. EACH UNIT FEATURES 3 BEDROOMS AND 1 BATHROOM WITH BRIGHT, UPDATED LIVING SPACES, RENOVATED KITCHENS, NEW FLOORING, FRESHLY INSTALLED CARPET, AND FRESH PAINT THROUGHOUT.
MAJOR CAPITAL IMPROVEMENTS HAVE ALREADY BEEN COMPLETED, INCLUDING UPDATED ELECTRICAL AND PLUMBING, ALONG WITH RECENTLY SERVICED FURNACES AND WATER HEATERS, PROVIDING LONG-TERM PEACE OF MIND FOR THE NEXT OWNER. BOTH UNITS ARE CURRENTLY LEASED WITH SECTION 8 TENANTS IN PLACE, GENERATING $2,677 PER MONTH, WITH TENANTS RESPONSIBLE FOR ALL UTILITIES EXCEPT WATER.
CONVENIENTLY LOCATED NEAR SCHOOLS, NEIGHBORHOOD AMENITIES, AND FREEWAY ACCESS, THIS PROPERTY OFFERS STRONG, RELIABLE CASH FLOW FROM DAY ONE. NO SHOWINGS WITHOUT AN ACCEPTED FULL-PRICE OFFER. NO SELLER FINANCING AVAILABLE.
Key Features
- Built in 1924
- 0.07 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$1,064/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5044 Fairview Street
Detroit, MI 48213
Fassolds Garden
Property Details
Construction
Heating
Questions & Answers
This 6-bedroom, 2-bathroom residential multi family at 5044 Fairview Street is listed at $199,000 ($92/sqft). The estimated monthly payment is $862 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.07 acre lot, 2 stories.
This property is listed by Marta Kopania and can be reached at (313) 466-7253 or kopaniamarta@gmail.com.
