Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
3
Photos
5500 CHALMERS Street, Detroit, MI 48213
$125,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
2
baths
1,904
sqft
Built in
1951
**AMAZING 12% Cap Rate**HIGH ROI**CORNER LOT OPPORTUNITY**TURNKEY INVESTOR GEM located in a prime Detroit location. This ranch-style duplex is a cash flow powerhouse, rented at $800 and $900 per unit, generating a total of $1,700/month. It is priced to sell and offers incredible potential for investors seeking high returns. Start making money from day one! Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don't want to miss. This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.
Features & Amenities
Interior
- Basement:
- Unfinished
- Heating:
- Forced air, Natural gas
Exterior
- Style:
- Ranch
- Pool:
- None
- Parking:
- Detached, No garage
Construction
- General:
- Brick, One, Basement, Block
Location
- Road/Access:
- Paved
- Originating MLS:
- Realcomp II Ltd
- School District:
- Detroit
- County:
- Wayne
Lot
- Zoning:
- E CHALMERS 109 SEFTON PARK SUB L38 P86 PLATS, W C R 21/478 40 X 150, W21I055433S
Utilities
- Water:
- Public
- Sewer:
- Public sewer
Financial
- Source:
- Realcomp II Ltd
This listing courtesy of:
U.S. Investor Group, Hasson Hammoud
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About Detroit, MI
Housing
- Number of Units
- 292,561
- Median Home Value
- $70,234
- Median Rent
- $679
53.65% of housing units are renter occupied.
18.25% are vacant.
Commute
- Car
-
71.17%
- Public Transportation
-
5.99%
- Walk to Work
-
3.15%
- Work from Home
-
17.73%
- Other
-
1.42%
The median travel time to work is 23 minutes.
People
- Population
- 593,210
- Median Age
- 36.40
- Median Household Size
- 2.38
Education
- High School
-
33.32%
- Associate’s Degree
-
7.33%
- Bachelor’s Degree
-
9.43%
- Graduate Degree
-
6.96%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Similar Homes
-
Listing by Riduan Rafique Amin Realty#20250001857
-
Listing by Briyana Jordan Keller Williams Paint Creek#20240084989
-
Listing by Briyana Jordan Keller Williams Paint Creek#20240094114
-
Listing by Robert LaBute Real Estate Management Specialists Inc#20240089788
-
Listing by Douglas Rahaim DOBI Real Estate#20240094375
-
Listing by Serina Sutherland Real Estate One-Royal Oak#20240091866
Interested in this home?
Request more information:
