About This Home
This 8-bedroom, 4-bathroom residential multi family at 7225 American Street in Detroit, MI is listed for $315,000 ($94 per sqft). Built in 1926, the home offers 3,348 sqft of living space on a 0.11 acres lot.
Key Features
- Built in 1926
- 0.11 acre lot
- 2 stories
- 4 parking spaces
Property Details
Turn-key quadplex opportunity in the heart of Detroit offering both immediate income and long-term upside. This well-maintained property features four units, with three currently leased-bringing in a projected income of approximately $3,800/month. Perfect for FHA buyers and investors alike, this is an ideal chance to house hack, build equity, or expand your portfolio with minimal vacancy risk on day one.
Whether you're looking to live in one unit and let the others pay your mortgage or secure a strong cash-flowing investment, this property checks all the boxes. Conveniently located near major roads, schools, and city amenities, this is Detroit multifamily living at its best-simple, strategic, and income-producing from the start.
Monthly Cost Estimate
$1,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7225 American Street
Detroit, MI 48210
Dovercourt Park
Property Details
Construction
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 7225 American Street is listed at $315,000 ($94/sqft). The estimated monthly payment is $1,685 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1926, 0.11 acre lot, 2 stories, 4 parking spaces.
This property is listed by Angie Sierra and can be reached at (313) 528-3002.