3273 Cortland Street, Detroit, MI 48206
3273 Cortland Street, Detroit, MI 48206
3273 Cortland Street, Detroit, MI 48206
43
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$250,000
Est. payment /mo
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6 Beds
2 Baths
2,700 SqFt
New

3273 Cortland Street Detroit, MI 48206

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Megan Ahejew

Megan Ahejew

+1(810) 391-6814

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $92

MLS Listing ID 20261066510

Bedrooms 6

Full Baths 2

Year Built 1924

Annual Tax Amount $3,640

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35X120.5

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

Completely renovated duplex and ready for its next owner, 3273 Cortland offers two spacious 3-bedroom, 1-bath units with projected rental potential of up to $3,100/month - an impressive combination of condition, income potential, and flexibility for both investors and owner-occupants. Extensively renovated in 2024, nearly every aspect of the property has been updated, including a new roof, new windows, updated kitchens and bathrooms, luxury vinyl plank flooring, fresh interior and exterior paint, and updated plumbing, electrical, and mechanicals. Outside, the improvements continue with new front and rear decks, a fully fenced backyard, and a newly built 2-car garage. Separate gas and electric meters help simplify tenant management. For investors, projected rents of up to $3,100/month provide $37,200 in potential annual gross income and the potential for an approximately 12% cap rate based on projected rents and estimated expenses at the current asking price. Both units are currently vacant, giving the next owner control from day one - select your own tenants and establish new leases, or occupy one unit and rent the other to help offset your housing costs. Conveniently located near Henry Ford Hospital, Wayne State University, Midtown, the Motown Museum, Downtown Detroit, major roads, schools, and area amenities. With the major renovations already completed, strong projected rental potential, and two fully available units, 3273 Cortland is ready for an investor to put to work or an owner-occupant to call home. Schedule your private showing today. BATVAI. No Seller-Financing or Land Contract offers will be presented to the seller. Video and audio recording may be in place.

Location

State MI

County Wayne

Direction Travel South on Dexter, make a left on Cortland

Rooms

Basement Partial

Interior

Interior Features Basement Partially Finished

Heating Forced Air

Fireplaces Type Living Room

Fireplace true

Appliance Refrigerator, Range

Exterior

Exterior Feature Deck(s), Fenced Back, Patio, Porch(es)

Parking Features Detached

Garage Spaces 2.0

View Y/N No

Roof Type Asphalt

Garage Yes

Building

Story 2

Sewer Public

Water None

Structure Type Brick

Schools

School District Detroit

Others

Tax ID 12003833

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by EXP Realty Main

NEARBY SCHOOL & BUSINESS

Megan Ahejew
Megan Ahejew

Agent License ID: 6501435244

+1(810) 391-6814 | megan@asimplernest.com

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3273 Cortland Street