Residential Income in Detroit

$141,500

18657 Binder, 48234, Detroit, MI

Residential Income for sale in Detroit, 18657 Binder, 48234, 1500 m²

18657 Binder, 48234, Detroit, MI

$141,500

2Bath
1500m²
Type: Residential Income

Description

Look no further than this beautiful 2 unit established rental income Duplex, and an opportunity to expand your investment portfolio. Offered at $141, 500, this fully occupied duplex in Hamtramck, currently generates $1, 800 in combined monthly rent—$21, 600 annually—with an approximate 15.3% gross rental yield before expenses. Each unit features two bedrooms, one full bathroom, a kitchen, living room, and dining room, offering functional layouts across approximately 1, 500 square feet. Renovated in 2017, the property includes a covered front porch, enclosed backyard, and an unfinished basement with laundry space. Convenient access to parks, shopping, and major freeways adds to its rental appeal. Tenant occupied; showings require at least 48 hours’ advance notice. Buyer and buyer’s agent to verify all property information, rental income, and expenses.

Agent Information

Location

18657 Binder, 48234, Detroit, MI

Data

Object TypeResidential Income
Purchase Price$141,500
Living Space1500 m²
Plot Size364.22 m²
Bathrooms2
Construction Year1925
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeOther Heating Source
Primary Energy SourceN/A
Construction Year1925
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent