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Listed price in listed location currency (USD).
$260,000

020

MLS® 20261032538

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 2700 sqft
Garage Yes
Taxes $3,261
Days Active 98
Lot Size 0.1 Acres
Approx. Age 1924
Avg. Price Per Sqft $96
MLS® Number 20261032538

Property Address: 3273 Cortland St, Detroit, MI, 48206-1031

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey, fully renovated cash-flowing duplex generating $3, 000/month ($36, 000 annually) in gross rental income. Offered at $255, 000, this investment achieves a 1.18% rent-to-price ratio and an attractive 14.1% gross yield. Nearly every aspect of the property has been updated, including a new roof, windows, luxury vinyl plank flooring, fresh interior and exterior paint, kitchens, bathrooms, plumbing, electrical, and mechanicals—making this a truly turnkey investment. Both units feature spacious layouts with 3 bedrooms and 1 bathroom, filled with natural light, high ceilings, and charming architectural character. Updated kitchens and modern tiled bathrooms provide stylish, move-in ready living. Exterior improvements include new front and rear decks, a newly built 2-car garage, and a fully fenced backyard. Current lease provides immediate cash flow and making this an ideal setup for investors or buyers looking to offset their mortgage. Separate gas and electric meters simplify tenant management. Located on a quiet, well-maintained street near downtown, major hospitals, schools, and amenities, with continued neighborhood reinvestment and strong rental demand supporting long-term value. All major updates have been completed, resulting in zero immediate CapEx needs and allowing an investor to step into day-one cash flow.
MLS® Number20261032538
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1924
BasementUnfinished
DrivewayGarage, On Street, Shared Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/CCeiling Fans

Extras

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