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Additional details
$ 125,000
New
3000 CORTLAND ST Detroit, MI 48206
2 Baths
2,724 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,724 sqft
Subdivision Linwood Heights (Plats)
MLS Listing ID 20251055853
Style Duplex
Full Baths 2
Year Built 1925
Property Sub-Type MultiFamily
Property Description
Welcome to 3000 Cortland, a fully occupied rental collecting $2,000/month (19.1% cap rate - 128% cash on cash), with a month to month tenant in the upper, and a new tenant moving into the lower as of November 1 paying $800/month to month. The upper unit's attic has been converted to additional living space allowing for an easy rent increase. As you drive the street, you'll see a flurry of homes being renovated, with renovated units selling well beyond $200,000. This is a great option to house hack, to BRRR, or to make a quick flip.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement Unfinished
Interior
Heating HotWater, NaturalGas
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer PublicSewer
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
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Listed by Matthew Bush of RE/MAX First