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$145,000
Est. payment /mo
2 Baths
780 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 780 sqft
Price per Sqft $185
Subdivision Longacres Sub 1
MLS Listing ID 20261063537
Style Duplex
Full Baths 2
Year Built 1926
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type MultiFamily
Property Description
Excellent income-producing opportunity at 22049 Cushing Ave! This duplex features two 1-bedroom, 1-bath units with established tenants currently in place who would like to stay. The front unit rents for $900/month and the rear unit rents for $975/month, generating a combined gross rental income of $1,875 per month or $22,500 annually. Utilities are currently included in the rent, and both tenants are on month-to-month leases, providing flexibility for the next owner.
The property has benefited from several major improvements, including all-new PEX plumbing, all-new electrical, and a new sewer line to the road completed in 2020, along with a new HVAC system installed in 2022. These significant updates add tremendous value and help reduce concerns surrounding several major components of the property.
With established rental income from day one and tenants interested in remaining, this is an attractive opportunity for an investor looking to add a performing multifamily property to their portfolio. Conveniently located near shopping, dining, major roadways, and everyday amenities. Don't miss this opportunity to own an income-producing duplex with substantial infrastructure improvements already completed. Schedule your showing today!
The property has benefited from several major improvements, including all-new PEX plumbing, all-new electrical, and a new sewer line to the road completed in 2020, along with a new HVAC system installed in 2022. These significant updates add tremendous value and help reduce concerns surrounding several major components of the property.
With established rental income from day one and tenants interested in remaining, this is an attractive opportunity for an investor looking to add a performing multifamily property to their portfolio. Conveniently located near shopping, dining, major roadways, and everyday amenities. Don't miss this opportunity to own an income-producing duplex with substantial infrastructure improvements already completed. Schedule your showing today!
Location
State MI
County Macomb
Area Area03161Eastpointe
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation CrawlSpace
Sewer Sewer At Street
Water Public
New Construction No
Schools
School District East Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition ShortSaleNo, Standard
Pets Allowed No
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Listed by Mark Hanna of Keller Williams Realty-Great Lakes
NEARBY SCHOOL & BUSINESS
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