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Executive Summary

THIS PROPERTY HAS BEEN APPRAISED FOR $350,000 WE CAN EMAIL YOU THE REPORT Discover this beautifully renovated multifamily home in the heart of Detroit! This spacious property features two separate units, each offering 2 comfortable bedrooms and 1 full bathroom, making it an excellent option for multi-generational living, house hacking, or a solid investment opportunity. Both units have been recently remodeled, featuring fresh paint, updated flooring, and modern finishes throughout, creating a warm and inviting atmosphere. The kitchens are functional and stylish, perfect for everyday living or tenant use. As an investment property you can generate $1500 per month per unit. That's $36,000 gross annually! Whether you're looking to live in one unit and rent the other, or simply add a turnkey rental property to your portfolio, this home offers flexibility and income potential. Located in a growing area of Detroit, you'll be close to shopping, schools, public transportation, and major roadways, everything you need is just minutes away. Don’t miss this incredible chance to own a beautifully updated duplex in a city full of opportunity. Schedule your showing today! This property has an alarm and is being monitored and recorded via camera system.

2 Units Available

Unit 1

Unit Size 1,102 SF
Price $479,398 CAD
Price Per SF $435.03 CAD
Condo Use Industrial
Sale Type Investment

Unit 2

Unit Size 1,102 SF
Condo Use Industrial
Sale Type Investment

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 2,204 SF
Property Type Multifamily
Property Subtype Apartment
Building Class C
Floors 2
Typical Floor Size 1,102 SF
Year Built 1910
Lot Size 0.13 AC
Zoning R3 - Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $2,055 CAD 1,102
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 36752546

  • Date on Market: 2025-07-16

  • Last Updated:

  • Address: 553 Belmont St, Detroit, MI 48202

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