2398 Stair Street, Detroit, MI 48209 1257
2398 Stair Street, Detroit, MI 48209 1257
2398 Stair Street, Detroit, MI 48209 1257
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$315,000
Est. payment /mo
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8 Beds
4 Baths
2,016 SqFt
New

2398 Stair Street Detroit, MI 48209 1257

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Jody Kosanke

Jody Kosanke

+1(586) 770-6977

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $156

Subdivision Burns Sub Of Pt Lt 7 Sub Pc 60 S Of Dix Road

MLS Listing ID 61031054

Style 2 Story

Bedrooms 8

Full Baths 3

Half Baths 1

Abv Grd Liv Area 2,016

Year Built 1922

Annual Tax Amount $5,223

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30X110

Property Sub-Type Single Family

Property Description

Turnkey investment opportunity in Detroit! This updated 3-unit multifamily property offers a desirable unit mix consisting of two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. The two 3-bedroom units are currently occupied and generating a combined $2,650 per month, while the 2-bedroom unit is currently vacant, providing an opportunity for the new owner to place a tenant and increase the property's rental income. The property has been thoughtfully updated with modern finishes and features several major improvements, including a new roof (2024) and new furnace (2024). Additional features include a finished basement and finished attic, offering extra usable space and versatility. With existing rental income, additional upside from the vacant unit, and tenants paying their own utilities, this property is well positioned for an investor looking for an income-producing multifamily asset with room to grow. Conveniently located with easy access to major roadways and Detroit amenities. Two units producing income from day one with the opportunity to further maximize cash flow -- don't miss this one!

Location

State MI

County Wayne

Area Detroit (82001)

Rooms

Basement Finished

Interior

Hot Water Gas

Heating Forced Air

Cooling Central A/C, Window Unit(s)

Appliance Microwave, Range/Oven, Refrigerator

Exterior

Garage No

Building

Story 2 Story

Foundation Basement

Water Public Water

Architectural Style Colonial

Structure Type Aluminum,Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Golden Key Realty Group LLC

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Jody Kosanke

Jody Kosanke

Realtor

+1(586) 770-6977

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2398 Stair Street