1501 Glynn CT Detroit, MI 48206
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $135
Subdivision Williams Sub Of Lts 13 & 20
MLS Listing ID 20261088760
Style Quadruplex
Full Baths 4
Year Built 1925
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type MultiFamily
Property Description
Major improvements were made from top to bottom including a brand-new roof, windows, plumbing, and electrical systems, helping minimize future maintenance expenses. Each unit features brand new vinyl plank flooring throughout, updated bathrooms, and modern kitchens complete with quartz countertops and stainless steel appliances.
With estimated market rents of $1,300–$1,400 per unit, the property offers a potential gross rental income of $5,200–$5,600 per month, or $62,400–$67,200 annually at full occupancy. An excellent opportunity for investors seeking a turnkey addition to their buy-and-hold portfolio or owner-occupants looking to house hack by living in one unit while renting out the remaining three. This property is located in a Neighborhood Enterprise Zone (NEZ) and may qualify for tax benefits.
Ideally located near the historic Boston-Edison neighborhood, within walking distance of The Congregation, and just a short drive from Downtown Detroit, offering convenient access to dining, entertainment, and local amenities.
Don't miss your opportunity to be a part of Detroit's revitalization and own a fully renovated multifamily property in a great location!
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, BrickMortar
Sewer Sewer At Street
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, Trade1031Exchange
Listing Terms Cash, Conventional, FHA, Trade1031Exchange
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
NEARBY SCHOOL & BUSINESS
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