553 Belmont Street, Detroit 48202
Discover this beautifully renovated multifamily home in the heart of Detroit!
Marketing description
THIS PROPERTY HAS BEEN APPRAISED FOR $350,000 WE CAN EMAIL YOU THE REPORT
Discover this beautifully renovated multifamily home in the heart of Detroit! This spacious property features two separate units, each offering 2 comfortable bedrooms and 1 full bathroom, making it an excellent option for multi-generational living, house hacking, or a solid investment opportunity. Both units have been recently remodeled, featuring fresh paint, updated flooring, and modern finishes throughout, creating a warm and inviting atmosphere. The kitchens are functional and stylish, perfect for everyday living or tenant use. As an investment property you can generate $1500 per month per unit. That's $36,000 gross annually! Whether you're looking to live in one unit and rent the other, or simply add a turnkey rental property to your portfolio, this home offers flexibility and income potential. Located in a growing area of Detroit, you'll be close to shopping, schools, public transportation, and major roadways, everything you need is just minutes away. Don’t miss this incredible chance to own a beautifully updated duplex in a city full of opportunity. Schedule your showing today! This property has an alarm and is being monitored and recorded via camera system.
Investment highlights
This fully renovated duplex in the heart of Detroit offers an excellent investment opportunity with strong income potential. Each of the two units features 2 bedrooms and 1 bathroom, and both have been recently updated with modern finishes, new flooring, and fresh paint, making the property completely turnkey. With a rental income potential of $1,500 per unit, investors can generate up to $3,000 per month or $36,000 annually in gross income. The property offers flexibility for house hacking, multi-generational living, or adding a reliable asset to your rental portfolio. Located in a growing area with convenient access to shopping, schools, public transportation, and major roadways, this duplex is well-positioned to attract quality tenants.
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