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2964 Leslie Street

Detroit, MI 48238
  • $120,000
  • STATUS: Pending
  • ON SITE: 21 Days
  • ID#: 20240008646
Pending
UPDATED: 89 min ago
$120,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,800
    SQFT
  • $43
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Zoning:
Multi-Family
Lot Size Dimensions:
34.00 x 122.00

School Ratings & Info

School District:

Description

Charming Duplex in Dexter-Linwood Neighborhood of Detroit - Excellent Investment Opportunity!Welcome to this charming duplex situated in the vibrant Dexter-Linwood neighborhood of Detroit. This property presents a promising investment opportunity, with a leased upper unit and a bottom unit awaiting a refresh to become rent ready. With its prime location and potential for rental income, this duplex is an ideal choice for investors looking to expand their portfolio in a thriving area.The upper unit is currently leased for $1,300/month, ensuring immediate cash flow. It has been well-maintained and is move-in ready, offering a spacious layout with 3 bedrooms and 1.5 bathrooms. The living area is generously sized, perfect for hosting guests. With a private entrance and separate utilities, the upper unit offers convenience and privacy to the tenant. Separate utilities for each unit. Lease agreement details are available upon request.The bottom unit requires a refresh to become rent ready, presenting an excellent value-add opportunity. It features 3 bedrooms and 1 bathrooms, and the large living area allows for customization according to your preferences. The kitchen will benefit from updates to create a modern space. The bottom unit also has a separate entrance and utilities, ensuring convenience and privacy for tenants. With the necessary renovations, the bottom unit has the potential to generate [estimated amount] per month in rental income.Notably, the garage has been redone within the last 2 years, offering a well-maintained space for tenants' vehicles and additional storage.This duplex presents an excellent investment potential in Detroit's thriving real estate market. With a leased upper unit providing immediate rental income and a bottom unit primed for renovation to increase cash flow, this property offers substantial opportunities for long-term profitability. Don't miss out on this chance to invest in a duplex in the sought-after Dexter-Linwood neighborhood. Schedule a showing today!

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IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-05T03:36:07.497.
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2964 Leslie Street Detroit, MI 48238

  • Price: $120,000
  • Status: Pending
  • On Site: 21 Days
  • Updated: 89 min ago
  • ID#: 20240008646
0
Beds
2
Baths
1
½ Baths
0.1
Acres
2,800
SQFT
$43
$/SQFT
1925
Built
Neighborhood:
Oakmans Robt Cherry Lane
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
Charming Duplex in Dexter-Linwood Neighborhood of Detroit - Excellent Investment Opportunity!Welcome to this charming duplex situated in the vibrant Dexter-Linwood neighborhood of Detroit. This property presents a promising investment opportunity, with a leased upper unit and a bottom unit awaiting a refresh to become rent ready. With its prime location and potential for rental income, this duplex is an ideal choice for investors looking to expand their portfolio in a thriving area.The upper unit is currently leased for $1,300/month, ensuring immediate cash flow. It has been well-maintained and is move-in ready, offering a spacious layout with 3 bedrooms and 1.5 bathrooms. The living area is generously sized, perfect for hosting guests. With a private entrance and separate utilities, the upper unit offers convenience and privacy to the tenant. Separate utilities for each unit. Lease agreement details are available upon request.The bottom unit requires a refresh to become rent ready, presenting an excellent value-add opportunity. It features 3 bedrooms and 1 bathrooms, and the large living area allows for customization according to your preferences. The kitchen will benefit from updates to create a modern space. The bottom unit also has a separate entrance and utilities, ensuring convenience and privacy for tenants. With the necessary renovations, the bottom unit has the potential to generate [estimated amount] per month in rental income.Notably, the garage has been redone within the last 2 years, offering a well-maintained space for tenants' vehicles and additional storage.This duplex presents an excellent investment potential in Detroit's thriving real estate market. With a leased upper unit providing immediate rental income and a bottom unit primed for renovation to increase cash flow, this property offers substantial opportunities for long-term profitability. Don't miss out on this chance to invest in a duplex in the sought-after Dexter-Linwood neighborhood. Schedule a showing today!
Exterior Features

Architecture Level 2 Story Architecture Style Duplex Construction Materials Brick Foundation Details Basement Foundation Materials Block Garage YN Yes Lot Size Dimensions 34.00 x 122.00 Parking Total 1 Pool YN No Road Frontage Feet 0 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Baths Total 2.10 Fireplace YN No Heating Hot Water Heating Fuel Natural Gas Living Area Source Prior Listing Sq Ft Combined 2800 Sq Ft Total Basement 1400 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 2 Unit Two Bed Number Of 0

Property Features

Assessment 340.00 Down Payment Resource YN Yes Existing Lease YN Yes Gross Scheduled Income 32400.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing CashConventionalFHA Monthly Rental Income 2600 Number Of Units Leased 1 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Yes Postal City Detroit Protection Period 365 Settlement City Sewer Sewer at Street Short Sale No Tax Amount Summer 2680.0000 Tax Amount Winter 118.0000 Title Standard (Private) Total Tax 2798.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 2964 LESLIE Street Water Source Water at Street Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Woodward Square Realty, LLC: (248) 301-9444 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-05T03:36:07.497.
 
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