10
See all 10 photos
$100,000
Est. payment /mo
2 Baths
2,190 SqFt
Pending
13202 Monica Street Detroit, MI 48238 3192
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,190 sqft
Price per Sqft $45
Subdivision Mi
MLS Listing ID 61030114
Style 2 Story
Full Baths 2
Year Built 1926
Annual Tax Amount $3,715
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 36X108
Property Sub-Type Multi-Family
Property Description
Excellent investment or owner-occupant opportunity at 13202 Monica, a solid brick two-unit property offering immediate income with additional rental upside. The lower unit is currently leased at $1,350/month, while the upper unit has a conservative projected rent of approximately $1,150/month, providing an estimated NOI of approximately $25,000 annually based on current and projected rents and estimated operating expenses. Each unit features 2 bedrooms and 1 full bathroom with separate upper and lower living spaces, offering flexibility for both investors and owner-occupants. Continue operating the property as a full investment, or occupy the upper unit while collecting income from the lower unit to help offset housing costs. The property also features a newer roof, full basement, and 2-car garage. Conveniently located near Livernois and Davison with access to major roads, shopping, dining, and surrounding Detroit amenities. With existing rental income, additional income potential, and the flexibility to invest or owner-occupy, 13202 Monica presents a strong opportunity for its next owner. Schedule your private showing today. Please do not disturb the lower-unit tenant. Lower unit is not available for showings and will be shown only to parties with an accepted offer. BATVAI.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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