Do Real Estate on the Go!
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Do Real Estate on the Go!
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$125,000
-- Bed
- 2 Baths
2 full baths
2,724sqft
3000 Cortland St, Detroit, MI 48206 3400
$125,000
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Duplex
Built in 1925
$-- HOA
4,356 sqft lot
$46/sq.ft
Description
Welcome to 3000 Cortland, a fully occupied rental collecting $2,000/month (19.1% cap rate - 128% cash on cash), with a month to month tenant in the upper, and a new tenant moving into the lower as of November 1 paying $800/month to month. The upper unit's attic has been converted to additional living space allowing for an easy rent increase. As you drive the street, you'll see a flurry of homes being renovated, with renovated units selling well beyond $200,000. This is a great option to house hack, to BRRR, or to make a quick flip.
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1925
HOA Fees
-
Finished Area
2,724 sqft
Lot Size
4,356 sqft lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
60955033
MLS Status
Active
Days on Market
14
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