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33444577
33444600

9521 Brace St, Detroit, MI 48228

SL
MI 6501379765
eXp Realty LLC - Michigan
Listed by eXp Realty LLC - Michigan
$54,900
519 days on market
Updated 0 days ago

9521 BRACE Street, Detroit 48228

Details
APN W22I004244S
Property Type Multifamily, Special Purpose
Sub Type Single Family Portfolio
Square Footage 941
Net Rentable (SqFt) 941
Units 1
Cap Rate 21.98%
NOI $12,065
Occupancy 100%
Class A
Year Renovated 2024
Zoning Residential
Investment Type Owner/User
Occupancy Date 03/01/2024
Ground Lease No
Ownership Private Owner

Introducing a standout investment or principal residence opportunity

Marketing description

Turn-Key Cash-Flow Machine in Detroit’s Steady Rental Market – 9521 Brace Street, Detroit, MI 48228. VACANT NOW. Investors, here’s the hassle-free income property you’ve been searching for – one that’s already working hard for its next owner.

This solid brick duplex unit can rent for $1,100. The home itself is a clean, move-in-ready 2-bedroom, 1-bath layout spanning 941 sq ft, thoughtfully updated in 2017 with fresh, modern finishes that still shine. Beautiful hardwood floors flow throughout, natural light pours into the open living spaces, and a private basement delivers bonus storage or future value-add potential. Separate utilities keep your carrying costs low – the tenant pays their own gas and electric.

Location couldn’t be stronger: directly across from Cody High School in the heart of the Franklin Park neighborhood, where teachers, hospital staff, and families create constant rental demand. Quick access to I-96, Southfield Freeway, major employers, and everyday shopping makes this spot a renter’s favorite year after year.

As a condominiumized unit, you own only this income-producing side while enjoying the benefits of duplex living without the full-building headaches. Ideal for expanding your portfolio, 1031 exchanges, or anyone who wants truly passive income backed by a proven nearly-two-year payment history.

Clean, tenanted, updated, and already profitable – opportunities this turn-key don’t come around often. Contact us today for rent rolls, lease details, and your private showing. Serious investors only – 9521 Brace Street is ready to start padding your bottom line immediately. Don’t let this one slip away!

Listing Contacts

SL
MI 6501379765
eXp Realty LLC - Michigan
Listed by eXp Realty LLC - Michigan

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$12,065.00
$1,005.42/mo

Valuation Metrics

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DSCR
21.98%
Cap Rate
21.98%
ROI

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