$125,000
Est. payment /mo
2 Baths
4,356 Sqft Lot
New
3000 CORTLAND Street Detroit, MI 48206
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251055853
Year Built 1925
Annual Tax Amount $1,967
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35.00 x 121.00
Source Realcomp
Property Description
Welcome to 3000 Cortland, a fully occupied rental collecting $2,000/month (19.1% cap rate - 128% cash on cash), with a month to month tenant in the upper, and a new tenant moving into the lower as of November 1 paying $800/month to month. The upper unit's attic has been converted to additional living space allowing for an easy rent increase. As you drive the street, you'll see a flurry of homes being renovated, with renovated units selling well beyond $200,000. This is a great option to house hack, to BRRR, or to make a quick flip.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction South of M8, East of Dexter
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I003874S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RE/MAX First