15737 Cherrylawn, Detroit, MI 48238

$124,950 Asking Price

4 beds

2 baths

1,860 sqft

Built in 1928

Recently renovated 2 family flat with updated kitchens, bathrooms, electrical, plumbing and carpet! This is a great investment property. Both units are occupied with 12 month leases. Current Cap Rate: 14%. Net Operating Income: $17,298.00.

Listing Status:: Active
Date Added:: September 12, 2023 — 288 days ago
Listing Office:: HomeCoin.com, Jonathan Minerick (888-400-2513)
Office Phone:: 888-400-2513
MLS ID:: 58050121813

Features & Amenities

Interior

Heating:: Forced Air, Natural Gas

Exterior

Style:: Colonial

Construction

General:: Brick,Vinyl, 2 Story, Basement

Location

School District:: Detroit
County:: Wayne

Lot

Zoning:: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2024. W CHERRYLAWN 57 UNIVERSITY MANOR SUB L45 P37 PLATS, W C R 16/323 36 X 120.13A, 16033347

Utilities

Water:: Public
Sewer:: Shared Septic

This listing courtesy of:
HomeCoin.com, Jonathan Minerick

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.

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15737 Cherrylawn, Detroit, MI 48238

$124,950 Asking Price