5900 lenox, detroit, MI 48213

Attention Investors & House Hackers! Amazing opportunity to own an income-producing duplex just 1 block from Chandler Park on Detroit's Eastside! Lease both units out for cash flow OR live in one unit and rent the other! This duplex features two 2 Bed 1 Bath units just over 1000 sqft each. Lower unit is currently leased for $900/month & the upper unit is currently vacant & actively listed for lease at $900/month. Potential Cap Rate when fully leased will be 10% or higher! The property includes numerous updates & renovations including new roof, refinished hardwood floors throughout, 2 furnaces & duct work, 2 hot water tanks, updated kitchens & flooring, drywall & painting, & much more! (Scope of Work available) The basement is accessible by both units through the main foyer. There is a parking pad out back for 2 vehicles or street parking is also available. The lower unit features an enclosed porch, while the upper unit has its own balcony space. AWESOME LOCATION - walk or bike to Chand

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for 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. Listing By: Jeffrey Cash of Nika & Co

This listing last updated: Wed, July 24, 2024 at 7:42:35 PM EDT

MIRealSource Listing Data Last Updated On Wednesday, July 31 2024 at 12:45pm