Listed by Berkshire Hathaway HomeServices The Loft Warehouse
$314,900
1202 Lawrence St, Detroit, MI 48202
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,058
Units 2
Cap Rate 8.40%
Price per SqFt $153
Class A
Year Built 1913
Ownership Private
Sale Condition For sale by owner
Full-gut renovated and cash-flowing duplex with side lot
Marketing description
Remodeled in 2018 to the studs.
Completely updated systems – new electrical, plumbing, and mechanical, including first floor central air;
New roof, windows, and doors inside and out;
Two stylish kitchens with stainless steel appliances;
Fully renovated bathrooms;
Large, paved parking area in the rear.
The attic offers an opportunity for value add with a future third floor upgrade.
Included side lot at 1208 Lawrence
Just outside the iconic Boston-Edison District, minutes from Wayne State University, Henry Ford Hospital and New Center.
Quick access to the Lodge Freeway
Low tax assessment.
Listing Contacts
Listed by Berkshire Hathaway HomeServices The Loft Warehouse
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