7406 Oakland Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48211
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,262 sqft
Price per Sqft $127
Subdivision Standishs (Plats)
MLS Listing ID 20240093621
Style Quadruplex
Bedrooms 3
Full Baths 4
Year Built 1910
Annual Tax Amount $1,917
Lot Size 3,484 Sqft
Property Description
Excellent cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent. PLEASE NOTE this property has some structural repairs and the property has been priced accordingly. Inspection reports and quotes available upon request. Property is rental certified with the City of Detroit (certificate of compliance).
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family,Residential
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Laundry 1
Exterior
Exterior Feature Lighting,Private Entry
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Aluminum,Brick,Vinyl
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional,Warranty Deed
Listing Terms Cash,Conventional,Warranty Deed