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23508516
23508513

2513 Concord St, Detroit, MI 48207

SL
MI 6501379765
eXp Realty LLC - Michigan
Listed by eXp Realty LLC - Michigan
$230,000
380 days on market
Updated 59 days ago

2513 Concord St, Detroit, MI 48207

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Single Property Rental Portafolio
Square Footage 1,710
Cap Rate 10.47%
NOI $24,078
Year Built 1911
Year Renovated 2024
Stories 2
Lot Size (SqFt) 31 - 153
Zoning Residential
Occupancy Date 06/01/2025
Ownership Private Owner

Welcome to your next great investment! This beautifully remodeled home

Marketing description

Welcome to Islandview at 2513 Concord St, Detroit! This single family cash flows $24,078 net per year. It is a charming, newly renovated brick home blends modern upgrades with timeless appeal. High ceilings and an open layout create a spacious, inviting feel. The large yard is ideal for gatherings, gardening, or relaxing. Located in an up-and-coming neighborhood, it's just 5 blocks from Jefferson and minutes from Belle Isle's stunning attractions. Downtown Detroit is only 7 minutes away, offering endless entertainment. Don't miss this opportunity to own a home in a rapidly developing area! Schedule your showing today. Alarm and cameras inside and out are not included in the sale. Furnace and hot water tank will be installed before closing. New Tenant occupied with 2-year lease that ends 5-31-27. No showings until an accepted offer. No land contract or seller financing.

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
$24,078.00
$2,006.50/mo

Valuation Metrics

0
DSCR
10.47%
Cap Rate
10.47%
ROI

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