14828 Sussex St, Detroit, MI 48227

$180,000
: 4
BA
: 2,674
SqFt

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List Price: $180,000
MLS#: 20261067340
Status: ACTIVE
Bathrooms: 4
Half-baths: 1
Subdivision: AVON PARK SUB

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Property Description

INVESTMENT OPPORTUNITY IN DETROIT! This well-maintained Triplex offers strong rental income with long-term tenants already in place. The property features two 1-bedroom units upstairs and a fully renovated 3-bedroom unit downstairs. Current rents are $775, $745, and $1,100, for a total monthly rental income of $2,620 ($31,440 annually). After current leases expire the rental rates can be raised to the current market rate which are $750-$1000 for 1b1b and $995-$1300 for 3b1b. Opportunity for an investor looking for an income-producing Detroit property with established tenancy and additional potential for future rental growth.

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Additional Information

Year Built: 1929
Basement Type: Unfinished
Acres: 0.10
Style: Triplex
Acres: 0.10
School District: Detroit
Heating: Electric, Forced Air