5378 Vancouver ST Detroit, MI 48204
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $72
MLS Listing ID 20261086764
Style Upper/Lower Apartment
Full Baths 2
Year Built 1916
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type MultiFamily
Property Description
At projected rents of $1,250 per unit, this property offers $2,500 in monthly gross rental potential ($30,000 annually) and an estimated 12.1% pro forma cap rate. Rent both units to grow your portfolio, or occupy one while the other's rental income helps offset your housing costs.
Located in Detroit's west-side Tireman area with convenient access to New Center, Henry Ford Hospital, and Downtown's dining, entertainment, and employment destinations. Updated, available, and ready for your next move. Schedule your showing today!
Projected cap rate uses full rental income, reported annual taxes of $2,818, estimated insurance of $1,200, and a 25% allowance for vacancy and other operating costs. Actual results may vary. Buyer to verify all information.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Laundry GasDryerHookup, WasherHookup
Exterior
Exterior Feature Balcony
Fence Back Yard, Fenced
Pool None
Utilities Available AboveGroundUtilities
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Block
Sewer Sewer At Street
Water WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan, WarrantyDeed
Listing Terms Cash, Conventional, FHA, VaLoan, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Size Limit
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