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Detroit, MI 48211 1319,7406 Oakland Street
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Detroit, MI 48211 1319,7406 Oakland Street
Detroit, MI 48211 1319,7406 Oakland Street
Detroit, MI 48211 1319,7406 Oakland Street
Detroit, MI 48211 1319,7406 Oakland Street
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Rachael Abraham

Rachael Abraham

+1(248) 821-1483
$ 288,000
Est. payment /mo
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Active

7406 Oakland Street Detroit, MI 48211 1319

4 Baths

2,262 SqFt

UPDATED:

01/03/2025 03:04 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,262 sqft

Price per Sqft $127

Subdivision Mi

MLS Listing ID 60361626

Style 2 Story

Full Baths 4

Year Built 1910

Annual Tax Amount $1,917

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30.00 x 122.00

Property Description

Excellent cash flow 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. PLEASE NOTE this property has some structural repairs and the property has been priced accordingly. Inspection reports and quotes available upon request. Property is rental certified with the City of Detroit (certificate of compliance).

Location

State MI

County Wayne

Area Detroit (82001)

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplace No

Exterior

Exterior Feature Aluminum, Brick, Vinyl Siding

Amenities Available Laundry Facility, Private Entry

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Aluminum,Brick,Vinyl Siding

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices The Loft Warehouse
agent

Rachael Abraham

+1(248) 821-1483

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7406 Oakland Street