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