Detroit, MI 48213,13364 CORBETT Street
$137,500
$165,000
16.7%
Est.Price: ?

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2 BD
2 BA
1,706 SqFt

13364 CORBETT Street Detroit, MI 48213

Est. payment /mo
SOLD DATE : 10/13/2023

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Key Details

Sold Price $137,500

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 1,706 sqft

Price per Sqft $80

Subdivision Ravendale No 2 (Plats)

MLS Listing ID 20230065308

Sold Date 10/13/23

Style Other

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1941

Annual Tax Amount $1,677

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40.00 x 125.00

Property Description

Prime Investment Opportunity in Detroit, MI - Fully Occupied Duplex with Section 8 Tenants. Welcome to 13364 Corbett, a fantastic income-generating duplex located in a thriving neighborhood of Detroit. This property presents an excellent chance for savvy investors to expand their portfolio or for those seeking a lucrative investment with consistent rental income.

Property Features:
1. Duplex Perfection: This well-maintained duplex offers two separate units, each featuring 2 bedrooms and 1 bathroom, providing comfortable and spacious living spaces for tenants.
2. Turnkey Investment: Both units are currently rented out to reliable Section 8 tenants, ensuring a steady monthly income. The first unit is rented for $1,094 per month, while the second unit is rented for $900 per month, providing an attractive return on investment.
3. Hassle-Free Management: With Section 8 tenants, you can enjoy the benefits of timely rent payments and reduced vacancy risks, making property management a breeze.
4. Desirable Location: Detroit is known for its robust rental market, and this property's location offers easy access to schools, parks, shopping centers, and public transportation, enhancing its appeal to potential tenants.
5. Low Maintenance: The property's low-maintenance design and well-kept exterior contribute to a hassle-free ownership experience, saving you time and expenses.
6. Potential for Appreciation: Detroit's real estate market has shown promising signs of appreciation, making this property a promising long-term investment.
7. Investor's Dream: Whether you're an experienced investor or a newcomer to real estate, this duplex's strong rental history and consistent income stream make it an ideal addition to your investment portfolio.

Don't miss out on this exceptional investment opportunity!

Location

State MI

County Wayne

Area Det Con-Mors/Grat. Hstn/7 Mack

Zoning Multi-Family

Direction corbett & coplin

Rooms

Basement Unfinished

Interior

Heating Wall/Floor Furnace

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Architectural Style Other

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W21I006784S

Ownership Short Sale - No,Private Owned

Assessment Amount $340

Acceptable Financing Cash, Conventional

Rebuilt Year 2023

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Marta Kopania of 1st Michigan Real Estate
Bought with 1st Michigan Real Estate

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agent

Dylan Tanaka

Broker Associate | License ID: 6506046373

+1(248) 609-3030

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