31
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$139,900
Est. payment /mo
2 Baths
3,484 Sqft Lot
New
3026 Lothrop Street Detroit, MI 48206
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261073681
Year Built 1926
Annual Tax Amount $3,916
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30X120
Source Realcomp
Property Description
Excellent opportunity for investors or owner-occupants! This tenant-occupied multifamily property offers an established income stream from day one. Each unit features 2 bedrooms, 1 full bath, and a kitchen, along with an unfinished basement. Current rents are $900/month for the upper unit and $1,100/month for the lower unit. Both tenants pay their own gas and electric, while the landlord is responsible for taxes and water. Investors can take advantage of the existing cash flow, or a future owner-occupant can explore living in one unit while generating rental income from the other. Conveniently located north of W Grand Blvd and east of Grand River. Please respect tenant privacy and do not approach or disturb tenants. BATVAI.
Location
State MI
County Wayne
Zoning Multi-Family,Residential
Direction N of W Grand Blvd / E of Grand River
Interior
Heating Steam
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I001242S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by EXP Realty Main