309 Melbourne St, Detroit, MI, 48202
4beds
3baths
1,884sqft
$249,500
$132price/sqft
$2,306/moest. monthly cost
$92,240/yrincome needed
About This Home
Turnkey three-unit multi family investment opportunity in Detroit. Two of the three units are currently tenant-occupied while the third floor lease recently lapsed March 1st. Property features newer finishes throughout, minimizing up front capital expenditures. Ideally located just minutes from Woodward Avenue, Wayne State University and Little Caesars Arena, with convenient access to downtown amenities, dining and entertainment. Strong rental demand area makes this a sold cash-flow addition to any investors portfolio with long-term upside.
Getting Around
67
Somewhat Walkable51
Good Transit64
BikeableSchools
5/10
3/10
Construction
Condition
- Year built: 1915
Materials
- Foundation: Basement
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven,Refrigerator
- Laundry features: Common Area
Basement
- Has basement: Yes
- Basement: Common
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 1,884
- Total interior livable area: 1,884 sqft
Property
Details
- Parcel number: 01002481
- Special condition: Private
Features
- Levels: More than 2 Stories
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Lot size: 4,791 sqft
- Lot size dimensions: 40 x 114