Active

7406 OAKLAND Street

Detroit MI, 48211

$340,000


$150.31 per sqft

Active

4 Baths

2,262 sqft

Multi-family

Excellent Air BnB opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent.

20230098023

MLS ID

November 16, 2023

Listed

November 27, 2023

Updated

Map

7406 OAKLAND Street
Detroit MI, 48211

Interior Features

Bathrooms

4 Baths


Interior Features

Laundry Facility


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.08 acres


Exterior Features

Lighting, Private Entry


Architectual Style

Quadruplex


Roof

Asphalt


Sewer

Public Sewer (Sewer-Sanitary)

Other Property Details

Taxes

$1,909


Tax Frequency

Annually


Days on Market

7


Garage

No


Parking

No


View

No


County

Wayne


Water Source

Public (Municipal)


Pool

No


Buyer Agency Compensation

3%

 

Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elizabeth Tintinalli shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Originating MLS:
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Data last updated 6:32 PM UTC, 11/27/2023

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