11
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$149,999
Est. payment /mo
4 Baths
4,791 Sqft Lot
Active
14500 Strathmoor Street Detroit, MI 48227
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261021577
Year Built 1929
Annual Tax Amount $3,830
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X120
Source Realcomp
Property Description
PRICE REDUCED TO $149,999 + SELLER OFFERING UP TO $3,000 IN CONCESSIONS WITH AN ACCEPTABLE OFFER!TURNKEY, INCOME-PRODUCING BRICK DUPLEX ON DETROIT'S WEST SIDE!Welcome to 14500 Strathmoor, a fully occupied two-unit brick duplex situated on a desirable corner lot and generating $1,900 in combined monthly rent. At the new asking price, the property produces $22,800 in scheduled annual gross rent—an approximately 15.2% gross rental yield based on the current rent and list price.The property features separate upper and lower units, providing an attractive setup for investors seeking immediate rental income and long-term portfolio growth. The upper unit has been newly renovated with modern updates and includes a private balcony, adding functionality and tenant appeal.Solid brick construction provides strong curb appeal and potential long-term durability, while the corner location and one-car garage offer additional convenience.PROPERTY HIGHLIGHTS:• New price: $149,999• Seller offering up to $3,000 in concessions• Fully occupied two-unit duplex• Combined monthly rent: $1,900• Scheduled annual gross rent: $22,800• Approximately 15.2% gross rental yield based on current rent and list price• Separate upper and lower units• Newly renovated upper unit• Private upper balcony• Solid brick construction• Desirable corner lot• One-car garage• Immediate income-producing potential• Convenient access to major freeways, shopping, schools, and public transportationThis is an opportunity to acquire a performing multifamily asset with tenants already in place. Whether expanding an existing portfolio or purchasing a first income-producing property, 14500 Strathmoor deserves immediate consideration.Please do not approach the property or disturb the tenants. A minimum of 24–48 hours' notice is required for all showings. Proof of funds or financing qualification may be requested before confirmation. Buyer and buyer's agent to verify rental information, lease terms, expenses, property condition, and all financial
Location
State MI
County Wayne
Zoning Multi-Family
Direction From I-96, take the Schoolcraft service driveHead toward Hubbell Ave, then go north slightly to reach the area
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Structure Type Vinyl Siding
Schools
School District Detroit
Others
Tax ID W22I037814S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by EXP Realty Main
NEARBY SCHOOL & BUSINESS