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310 Hendrie St
Detroit, MI 48202
Multifamily Property For Sale
·
2 Units


Executive Summary
This multifamily property, in the Art Center neighborhood of Midtown, is a prime investment opportunity for the savvy house hacker or investor. The home features two spacious units, offering an incredible income potential, plus value add opportunity upgrading the massive attic to a third floor apartment. Those wanting to occupy one of the flats as their primary residence can cut their housing payment in half with the incoming rent. New lending guidelines require only 5% down! Each unit comes complete with a suite of modern appliances, including a refrigerator, range, dishwasher, microwave, washer, and dryer. The upper unit boasts four bedrooms and two baths, plus central air, providing comfortable and attractive living space. The lower unit has three bedrooms and one bath, plus a private basement, rec room with 1/2 bath. Shared yard and laundry room. Large two car garage. Situated in a strategic location, this property is just moments away from Wayne State University, two major medical system complexes, three freeways, and a short walk to bustling Woodward Avenue, city bus and Q-Line light rail. With its outstanding rental history, central location, and strong potential for appreciation, this investment opportunity is not to be missed for those looking to capitalize on Detroit's dynamic real estate market.
Property Facts
| Price Per Unit | $354,094 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 2 | Building Size | 4,214 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Single-Family Home | Opportunity Zone |
Yes
|
| Zoning | R5 | ||
| Price Per Unit | $354,094 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,214 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
Property Taxes
| Parcel Number | 01-001579 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $122,618 CAD |
Property Taxes
Parcel Number
01-001579
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$122,618 CAD
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