5827 Lumley ST Detroit, MI 48210
UPDATED:
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,848 sqft
Price per Sqft $107
Subdivision Dendels Sub
MLS Listing ID 20261009550
Style Colonial
Bedrooms 6
Full Baths 3
Half Baths 1
Year Built 1924
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type SingleFamilyResidence
Property Description
Two of the three units are currently rented, generating a combined $2,250 in monthly income, while the third vacant unit offers additional upside with an estimated rental potential of $1,000 per month. All units have been well cared for, and the property has a solid rental history.
Features include long-term, reliable tenants who are up to date on rent, making this an ideal turnkey investment for both new and seasoned investors. The building has been consistently maintained and presents minimal deferred maintenance.
Perfect for investors seeking steady cash flow, value-add potential, and a quick closing opportunity.
Do not miss this income-generating multifamily property.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Rooms
Basement Finished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features AlleyAccess, Covered, DriveThrough, NoGarage
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Poured
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
NEARBY SCHOOL & BUSINESS
